The highest executives' remunerations in the insurance sector
Most of the market players do not provide extraordinary remuneration to their managers. The mutual sector as a whole, a significant part of the market, is safe from this problematic.
Some limited insurance and reinsurance companies and the large-scale brokerage firms are particularly concerned by the high remuneration of managers. Besides, these are international companies that are among the top leaders in terms of business line.
Insurance: highest remuneration of CEO or GM, year 2020
In USDGroup | Position | Fixed salary | Variable (1) | Remuneration 2020 | Remuneration 2019 |
---|---|---|---|---|---|
Aon | President - General Manager | 1 547 582 | 19 308 149 | 20 855 731 | 15 954 623 |
Marsh & Mclennam | President - General Manager | 1 547 582 | 18 773 184 | 20 320 766 | 20 264 521 |
Willis Towers Watson | Executive Manager-CEO | 1 238 066 | 13 113 594 | 14 351 660 | 13 099 800 |
Aon | Executive Vice President | 1 031 721 | 11 600 619 | 12 632 340 | 7 713 686 |
Zurich Insurance | General Manager | 2 422 089 | 10 115 785 | 12 537 874 | 9 789 816 |
Allianz | President | 2 119 942 | 5 706 403 | 7 826 345 | 8 406 789 |
Prudential | Group General Manager | 1 655 311 | 6 034 454 | 7 689 765 | 8 352 017 |
Swiss Re | General Manager | 1 676 548 | 5 103 411 | 6 779 959 | 6 244 429 |
Generali | General Manager | 1 762 963 | 5 004 627 | 6 767 590 | 6 891 698 |
Scor | President - General Manager | 1 473 888 | 4 775 585 | 6 249 473 | 7 636 332 |
Munich Re/Ergo | Member of the Board of Directors of Munich Re and CEO of Ergo | 3 377 660 | 2 355 899 | 5 733 559 | 5 181 586 |
Prudential | Directeur financier | 1 396 263 | 4 275 700 | 5 671 963 | 4 300 934 |
Munich Re | President | 2 855 658 | 2 016 244 | 4 871 902 | 4 375 492 |
Aviva | Executive Manager | 1 139 807 | 3 542 157 | 4 681 964 | 582 988 |
Axa | General Manager | 1 780 948 | 2 797 941 | 4 578 889 | 5 157 238 |
Allianz | Member of the Board of Directors | 1 288 424 | 3 107 447 | 4 395 871 | 4 770 604 |
Swiss Life | General Manager | 1 676 548 | 2 660 618 | 4 337 166 | 4 479 459 |
Swiss Re | President | 2 557 294 | 1 698 902 | 4 256 196 | 4 008 561 |
Aviva | General Manager | 880 501 | 2 930 728 | 3 811 229 | 2 728 483 |
Hannover Re | President | 1 080 851 | 1 600 274 | 2 681 125 | 3 263 944 |
Hiscox | General Manager | 925 559 | 1 650 972 | 2 576 531 | 867 888 |
Coface | General Manager | 849 533 | 1 512 146 | 2 361 679 | 2 154 371 |
Zurich Insurance | President | 1 047 842 | 1 117 698 | 2 165 540 | 1 579 003 |
Covéa | President - General Manager | 1 959 812 | 95 213 | 2 055 025 | 1 880 865 |
Prudential | President | 1 397 688 | 454 498 | 1 852 186 | 1 156 031 |
Lloyd's | Executive Manager-CEO | 882 518 | 881 160 | 1 763 678 | 1 948 431 |
Ping An Insurance Group | Executive Manager-CEO, Executive Vice President | 874 523 | 119 127 | 1 652 063 | 1 304 643 |
Lloyd's | Chief Financial Officer (CFO) | 610 974 | 898 811 | 1 509 785 | 979 136 |
Ping An Insurance Group | Chief Financial Officer | 790 257 | 93 283 | 1 399 114 | 916 699 |
Swiss Life | Chairman of the Board of Directors | 938 867 | 402 920 | 1 341 787 | 1 263 719 |
Generali | President | 1 179 111 | 11 781 | 1 190 892 | 1 206 007 |
Axa | President | 1 105 416 | - | 1 105 416 | 1 343 832 |
Hannover Re | Member of the Board of Directors | 540 426 | 544 356 | 1 084 782 | 904 847 |
Hannover Re | Member of the Board of Directors | 502 105 | 474 715 | 976 819 | 935 643 |
Maif | General Manager | 571 029 | 220 712 | 791 741 | 649 965 |
Coface | President | 581 103 | 198 514 | 779 617 | 2 184 450 |
CNP Assurances | General Manager | 491 296 | 49 130 | 540 426 | 503 937 |
Maif | President | 474 086 | 50 053 | 524 139 | 440 992 |
La Banque Postale | Chairman of the Board of Directors | 433 175 | 4 113 | 437 288 | 508 210 |
Macif | General Manager | 412 687 | 19 979 | 432 666 | 370 292 |
Macif | Deputy General Manager | 383 213 | 17 328 | 400 541 | 389 559 |
Groupama | President of the national federation | 318 360 | 43 297 | 361 657 | 329 734 |
Macif | President | 319 342 | 3 891 | 323 233 | 207 362 |
CNP Assurances | President | 185 660 | - | 185 660 | 313 561 |
(1) Including various benefits in kind, attendance fees, performance shares and stock options.
Source : La tribune de l’assurance, N°271, September 2021 and Atlas Magazine
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