ABI says pay-linked targets must not be relaxed in recession
The Association of British Insurers’, (ABI) director of investment affairs, Peter Montagnon, has warned companies that recession should not become an excuse to relax compensation targets for executive pay, the FT reports.
"You would be foolish to delude yourself that if you are paying out big bonuses in bad times that people aren't going to notice," Mr Montagnon said. "Companies need to be sensitive to the climate in which they find themselves."
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.
