Back to all cases

Absalom -v- TCRU

19th Dec 2005

[2006] 2 Lloyd’s Rep. 129, [2006] 1 All ER (Comm) 375, [2005] 2 Lloyd’s Rep. 735

David Edwards and Rebecca Sabben-Clare were involved in a series of disputes concerning payment of brokerage on personal accident and medical accident business

Reinsurance – Broker – Entitlement to commission – Premium paid by way of deposit premium with subsequent payments based on adjustment – Broker’s entitlment to commission “15% applicable to deposit premium and minimum rate” – Whether broker entitled to commission on both deposit premium and on adjusted premium.