Senior staff at Equitas have received performance bonuses, despite the company reporting a net loss of £84m.
In 1996, the firm was created to pay out mainly asbestos-related claims that threatened to collapse Lloyd's.
Chief executive Michael Crall was given a £200,000 reward, on top of his £368,750 annual salary. Finance director Jane Barker received a £145,000 bonus in addition to her £246,250 wage.
Chief actuary Paul Jardine, who is on a £245,000 salary, also received £165,000, while claims director Scott Moser collected £200,000 plus a salary of £303,750.
The bonuses, published in Equitas's annual report, were paid following strong underlying performances.
It said the results had been hit by a £499m charge after the company strengthened its reserves because of a rise in asbestos claims in the US.
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.
