Greenberg condemns brokers' 'abusive behaviour'

Chubb chairman and CEO Evan Greenberg has fiercely criticised
brokers for exhibiting "abusive behaviour" and accused
some of enriching themselves at the expense of customers and
underwriters.
In his letter to shareholders in Chubb's annual report, the
executive remarked that some brokers were demanding
"excessive" commission terms, a practice that Greenberg
said was "simply unsustainable".
Greenburg warned of a customer and regulatory backlash if this
continued and singled out the London market