Aon directors awarded compensation to smooth the way for move from USA to London
Aon directors have been awarded a total of $6.5m (£4.1m) compensation to financially cushion their relocation from the USA to London, according to filings in the States.
Aon chief executive Greg Case has been awarded a $1.2m allowance, while chief financial officer Christa Davies netted $1.9m.
The other two directors awarded compensation are Aon Risk Solutions chief executive Stephen McGill, who was handed $1.4m, and his chief operating officer, Michael O’Connor, who received $1.9m.
The four board members are moving to London following Aon’s decision to relocate the holding company from Delaware, USA, to the UK.
Insurance Times revealed last year that Case took home $20m pay. The remuneration is in line with US rivals such as Marsh and Willis, but is high by UK standards.
The total pay to the Aviva board, the world’s sixth largest insurer, was £7.5m. It means Case was awarded compensation more than one-and-a-half times the Aviva board put together.
No one from Aon was available for comment.
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