Carrier backlash against broker pay practices spreads

A range of heavyweight executives including Sompo International
CEO John Charman have lent their support to the searing critique of
broker remuneration practices made last week by Chubb CEO Evan
Greenberg.
Lloyd's new underwriting chief Jon Hancock and Validus CEO
Ed Noonan also joined the swelling chorus of criticism of the way
that the major brokers have levered up acquisition costs in the
London market since 2013.
In Chubb's annual report,Greenberg castigated the brokers for their
"predatory"