Insurer cuts its wage bill by a third after investor backlash
Aviva cut its directors’ pay by more than a third last year after the shareholder revolt that saw chief executive Andrew Moss step down.
Total boardroom pay fell from £7.28million in 2011 to £4.77million for 2012, figures from its annual report show.
The report said that the company “recognised pay was not sufficiently linked to performance in 2011”.
Moss, who left after the revolt in May last year, will get his £898,462 salary until May and £300,000 to settle any bonus claims.
New chief executive Mark Wilson gets a base salary of £980,000 and relocation expenses of up to £200,000.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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