COMMISION DISCLOSURE

Introducton:

In accordance with Provision 4.58A of the Consumer Protection Code 2012 all intermediaries are required to make available a summary of the details of all arrangements for any fee, commission, other reward or remuneration paid or provided to the intermediary which it has agreed with product producers. The purpose of this summary is to declare the fees, commission and if relevant other rewards or remuneration which is receivable and which REV Risk Management (Europe) Ltd t/as Blue Square Underwriting pays to our brokers, per product.

This Document is intended to allow the brokers with which we engage to comply with their own obligatons in relaton to dealings with REV Risk Management (Europe) Ltd (the Firm).

Commissions/remuneration payable to the producing brokers

The income of the Firm is commission allowed from the GWP by the regulated Insurer on behalf of which we underwrite and distribute. That commission is split between the Firm and the clients appointed broker.

The rates of commission to the producing broker per type of product is as follows;

Fees :

The Firm charges an additional administration fee of 5%.

Commission/remuneration to the firm

The Insurer product producers allow commission on Gross Written Premium (GWP). The commission on a transaction or policy is variable. We share the commission with the Policyholders appointed broker (the Producing broker) which is typically 12.5%

Profit commission (payable retrospectively on successful underwriting results)

The firm may also earn an additional payment known as profit share. This is payable retrospectively by the Insurer, several years after the close of the business year (allowing for development of claims after the Period of Insurance), in the event that the Underwriting performance is better than
anticipated.

This will not be shared with producing brokers and no conflict of interest shall so arise. This profit commission when payable may adjust the firm’s earnings on a sliding scale to a maximum upside of an additional 1-2% of commission on GWP. This income is highly conditional and is typically payable 24-36 months after the close of the Underwriting Year, and subject to repayment on subsequent deterioration of results on the Underwriting Year on which it is payable.