Common use of Subscription Market Brokerage Clause in Contracts

Subscription Market Brokerage. Xxxxxx Xxxxxx Xxxxxx adds Subscription Market Brokerage in some of its core specialty businesses that place business into the subscription markets, predominantly in London. The principles underlying this Subscription Market Brokerage program include the following: ■ Xxxxxx Xxxxxx Xxxxxx is required to handle increased infrastructure costs such as those arising from presentations to and negotiations with multiple entities in the subscription market; ■ Xxxxxx Xxxxxx Xxxxxx performs additional administrative, regulatory, accounting and support functions in order to complete subscription market placements. These functions benefit our clients and insurers; and ■ Working groups of insurers in the subscription market recognize these additional costs and agree that a negotiated percentage of the premium to account for these costs is appropriate and helps assure competitive access to that market. Xxxxxx Xxxxxx Xxxxxx believes that the best way to defray the cost of these functions is through this brokerage. We will disclose the receipt of Subscription Market Brokerage to you.

Subscription Market Brokerage. Xxxxxx Xxxxxx Xxxxxx adds Subscription Market Brokerage in some of its core specialty businesses that place business into the subscription markets, predominantly in London. The principles underlying this Subscription Market Brokerage program include the following: ■ • Xxxxxx Xxxxxx Xxxxxx is required to handle increased infrastructure costs such as those arising from presentations to and negotiations with multiple entities in the subscription market; ■ • Xxxxxx Xxxxxx Xxxxxx performs additional administrative, regulatory, accounting and support functions in order to complete subscription market placements. These functions benefit our clients and insurers; and ■ • Working groups of insurers in the subscription market recognize these additional costs and agree that a negotiated percentage of the premium to account for these costs is appropriate and helps assure competitive access to that market. Xxxxxx Xxxxxx Xxxxxx believes that the best way to defray the cost of these functions is through this brokerage. We will disclose the receipt of Subscription Market Brokerage to you.

Subscription Market Brokerage. Xxxxxx Xxxxxx Xxxxxx adds Subscription Market Brokerage in some of its core specialty businesses that place business into the subscription markets, predominantly in London. The principles underlying this Subscription Market Brokerage program include the following: ■ - Xxxxxx Xxxxxx Xxxxxx is required to handle increased infrastructure costs such as those arising from presentations to and negotiations with multiple entities in the subscription market; ■ - Xxxxxx Xxxxxx Xxxxxx performs additional administrative, regulatory, accounting and support functions in order to complete subscription market placements. These functions benefit our clients and insurers; and ■ - Working groups of insurers in the subscription market recognize these additional costs and agree that a negotiated percentage of the premium to account for these costs is appropriate and helps assure competitive access to that market. Xxxxxx Xxxxxx Xxxxxx believes that the best way to defray the cost of these functions is through this brokerage. We will disclose the receipt of Subscription Market Brokerage to you.

Subscription Market Brokerage. Xxxxxx Xxxxxx Xxxxxx adds Companies may add Subscription Market Brokerage in some of its core specialty businesses that place business into the subscription markets, predominantly in London. The principles underlying this Subscription Market Brokerage program include the following: ■ – Xxxxxx Xxxxxx Xxxxxx is required to handle increased infrastructure costs such as those arising from presentations to and negotiations with multiple entities in the subscription market; ■ – Xxxxxx Xxxxxx Xxxxxx performs additional administrative, regulatory, accounting and support functions in order to complete subscription market placements. These functions benefit our clients and insurers; and ■ – Working groups of insurers in the subscription market recognize these additional costs and agree that a negotiated percentage of the premium to account for these costs is appropriate and helps assure competitive access to that market. Xxxxxx Xxxxxx Xxxxxx believes that the best way to defray the cost of these functions is through this brokerage. We will disclose the receipt of Subscription Market Brokerage to youyou if applicable.

Subscription Market Brokerage. Xxxxxx Xxxxxx Xxxxxx adds Subscription Market Brokerage in some of its core specialty businesses that place business into the subscription markets, predominantly in London. The principles underlying this Subscription Market Brokerage program include the following: ■ – Xxxxxx Xxxxxx Xxxxxx is required to handle increased infrastructure costs such as those arising from presentations to and negotiations with multiple entities in the subscription market; ■ . – Xxxxxx Xxxxxx Xxxxxx performs additional administrative, regulatory, accounting and support functions in order to complete subscription market placements. These functions benefit our clients and insurers; and ■ – Working groups of insurers in the subscription market recognize these additional costs and agree that a negotiated percentage of the premium to account for these costs is appropriate and helps assure competitive access to that market. Xxxxxx Xxxxxx Xxxxxx believes that the best way to defray the cost of these functions is through this brokerage. We will disclose the receipt of Subscription Market Brokerage to you.