Commission Disclosure
Introduction
We, Mission Underwriting Europe Limited (the “Firm”), act as a Managing General Agent between you, the consumer, your appointed broker (the “Producing Broker”) and the Product Provider with whom we place your business.
The Background
The Background Pursuant to provision 4.58A of the Central Bank of Ireland’s September 2019 Addendum to the Consumer Protection Code, all intermediaries, must make available in their public offices, or on their website if they have one, a summary of the details of all arrangements for any fee, commission, other reward or remuneration provided to the intermediary which it has agreed with its product producers.
Our Remuneration
As a Managing General Agent we receive commission income from the Product Provider which is based on the amount of Gross Written Premium (GWP) underwritten. The commission we receive is then split between the Firm and the Producing Broker. Whilst commission levels have been specified below, please note that the commission is variable and commission rates may be modified depending on factors such as the individual premium size of the policy.
| Product Type | MGA Retained Commission |
| Crime | 5 – 30% |
| D&O | 5 – 30% |
| Employment Practices Liability | 10 – 30% |
| Financial Institutes Professional Indemnity | 5 – 30% |
| Medical Malpractice | 15 – 20% |
| Pensions Trustees Liability | 5% |
| Property | 12 – 22% |