Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

ABSALOM (ON BEHALF OF SYNDICATE 957 AT LLOYD’S) v TCRU LTD

[2005] 2 Lloyd's Rep. 735

QUEEN’S BENCH DIVISION (COMMERCIAL COURT)

Before Mr Justice Aikens

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

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