Insurance outsourcer’s executive pay reflects strong performance

Quindell Rob Terry

Insurance outsourcer Quindell Portfolio chairman and chief executive Rob Terry’s executive pay doubled in 2012, according to the firm’s annual report.

Terry earned £890,000 last year, up from £407,000 in 2011. Terry’s basic salary leapt from £114,000 to £402,000, and he had a £488,000 bonus.

Quindell financial director Laurence Moorse got a total 2012 pay packet of £342,000, up from £130,000 in 2011.

Quindell increased its 2012 earnings before interest, tax, depreciation and amortisation (EBITDA) by 681% to £52.2m (2011: £6.7m).

Quindell’s gross sales rose to £171.9m (2011: £13.7m) and revenue to £137.6m (2011: £13.7m).

 

 

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