Beazley boss among highest paid chief exec at Lloyd's

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.  

Join the debate at our Insurance Times London Market Forum on LinkedIn.