Last year a new term began circulating around the City - "copping a Mendelsohn ".
This vernacular described the benefit awarded to ill-fated Royal &SunAlliance
group chief executive Bob Mendelsohn on leaving the company with a share price
at a 50-year low. Namely £1.2m and a few thousand pounds in bonuses.
Norwich Union chairman Patrick Snowball has probably taken heed, as his renumeration for 2002 is modest by comparison. In NU's report and accounts published last week Snowball's basic salary, 2002 bonus and benefits package amounted to £538,000 in 2002, as compared to £495,000 in 2001.
Very reasonable indeed.
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.
