Andrew Horton was paid nearly £3.6m in 2014 despite falling profits

Gift, money

Beazley paid its chief executive Andrew Horton nearly £3.6m last year despite pre-tax profits at the Lloyd’s insurer sliding.

Horton collected a cash and shares bonus of £1.3m on top of his base salary of just under £490,000, according to the 2014 annual report published yesterday. He also received almost £1.8m under Beazley’s long-term incentive scheme for directors, which took his total pay to £3.58m. Last year he was paid £2.9m.

Beazley’s pre-tax profits for the year ended 31 December 2014 slipped 16% to $261.9m from $313.3m in 2013, while its combined operating ratio was 89%.

Horton is among the highest paid chief executives at Lloyd’s, according to The Times.  

Lloyd’s insurers GWP and chief executive pay
(2013 figures)


  • GWP - £441m
  • Richard Brindle - £6.6m


  • GWP - £3.46bn
  • Stephen Catlin - £3.78


  • GWP - £1.28bn
  • Andrew Horton - £2.84m


  • GWP - £1.7bn
  • Bronek Masojada - £2.34m


  • GWP - £590m
  • Matthew Fosh - £2.23m


  • GWP - £2.47bn
  • Charles Philipps - £2.03m

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