Atrium Underwriting has denied any controversy over its directors' remuneration after the company was named in a TUC report listing 50 "controversial" company annual general meeting decisions last year.
The TUC report, which was based on a survey of fund managers' voting at AGMs, showed there were a number of objections to Atrium's remuneration package.
Six fund managers voted against the package, while only four voted in favour, with one abstention.
But Atrium denied there was any controversy, saying that the resolution had been passed with no changes made to the package.
A spokeswoman said the votes against the package were on a technicality and had "nothing to do with remuneration".
Atrium chairman Richard Lewy said: "Although the report met all disclosure requirements, Pensions & Investments Research Consultants (PIRC) believed that it did not provide the level of disclosure which they require and we believe this led to a handful of fund managers following suit.
"PIRC was not questioning the levels of remuneration in the report."
He added: "We have, however, taken on board PIRC's comments and addressed their concerns.
"We expect this year's remuneration report to be passed by our shareholders as normal.
"[Atrium] chief executive Nick Marsh is paid £250,000. This is far from excessive, certainly when compared to other Lloyd's companies."
