Former chief underwriting officer Adrian Cox is now the man in charge at Beazley Plc, having assumed the chief executive post on April 01, and the specialist insurer has disclosed how much it is paying the new boss.
“Adrian’s base salary on appointment is set at £507,500, in line with Andrew Horton’s current salary,” said the UK-headquartered insurance group in a London Stock Exchange filing. “His pension benefit is unchanged at 12.5% of salary, in line with the pension opportunity available to the workforce.
“His maximum bonus opportunity for 2021 is unchanged at 400% of salary. Adrian’s maximum LTIP (long-term