ABSALOM v TCRU LTD
[2006] Lloyd's Rep Plus 22
COURT OF APPEAL
Before Lord Justice May, Lord Justice Longmore and Lord Justice Jacob
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.