Atlas Magazine shed light upon this topic and issued a comparative evaluation of the pay and other indemnifications rewarded by different insurance activities in France, Europe and the United States.
Top salaries paid by the mutual insurance companies in France
In USD| Name | Position | Group | Fixed salary | Variable salary | Total salary 2017 (1) |
|---|---|---|---|---|---|
Pascal Demurger | General Manager and corporate officer | Maif | 538 528 | 126 195 | 687 660 |
Jean-Marc Raby | General Manager | Macif | 504 232 | 81081 | 617 836 |
Dominique Mahé | Head | Maif | 446 880 | 0 | 465 267 |
Frédéric Channac | Executive general manager in Personal insurance | Macif | 346 215 | 23 958 | 396 977 |
Olivier Arlès | Executive manager in economic and financial management | Macif | 353 844 | 39 896 | 393 739 |
(1) All incomes included: fixed salary, benefits-in-kind, attendance fees, performance shares and stock options.
Top salaries paid by the limited insurance companies in France
In USD| Name | Position | Group | Fixed salary | Variable salary | Total salary 2017 (1) |
|---|---|---|---|---|---|
Thomas Buberl | General Manager | Axa | 1 736 897 | 1 471 152 | 5 580 777 |
Laurent Mignon (2) | President | Coface | 1 149 946 | 1 989 481 | 3 563 923 |
Xavier Durand | General Manager | Coface | 688 770 | 1 046 999 | 1 753 195 |
Thierry Martel | General Manager | Groupama | 790 588 | 678 546 | 1 524 236 |
Denis Duverne | President | Axa | 1 437 432 | 0 | 1 437 432 |
(1) All incomes included: fixed salary, benefits-in-kind, attendance fees, performance shares and stock options.
(2) Laurent Mignon’s remuneration is due to his position as the general manager of Natixis.
Top salaries paid by the insurance companies in Europe *
In USD| Name | Position | Group | Fixed salary | Variable salary | Total salary 2017 (1) |
|---|---|---|---|---|---|
Mario Greco | General Manager | Zurich Insurance | 1 645 552 | 2 879 866 | 8 845 216 |
Phillipe Donnet | General Manager | Generali | 1 677 004 | 2 654 897 | 7 410 461 |
Olivier Bäte | Head | Allianz | 1 385 924 | 1 657 838 | 7 104 508 |
Mark wilson | General Manager | Aviva | 1 393 227 | 2 636 018 | 5 873 794 |
Serge Balbinot | Member of the Executive Board, head of southern and western European and Asian-Pacific regions | Allianz | 924 748 | 1 116 | 4721 964 |
(1) All incomes included: fixed salary, benefits-in-kind, attendance fees, performance shares and stock options.
* Apart from France
Top salaries paid by the American insurance market *
In USD| Name | Position | Group | Fixed salary | Variable salary | Total salary 2017 (1) |
|---|---|---|---|---|---|
Daniel S.Glaser | CEO | Marsh & Maclennan | 1 435 485 | 0 | 17 443 080 |
Gregory C.Case | CEO | Aon | 1 539 185 | 0 | 14 991 346 |
Barry Stwe | Head and general manager of the North American region | Prudential | 1 192 507 | 7 255 319 | 13 039 151 |
Michael Wells | General Manage | Prudential | 1 494 751 | 4 005 770 | 11 793 205 |
(1) All incomes included: fixed salary, benefits-in-kind, attendance fees, performance shares and stock options.
* Including insurance companies, mutual insurances and brokerage companies.
Top salaries paid by the reinsurance companies
In USD| Name | Position | Group | Fixed salary | Variable salary | Total salary 2017 (1) |
|---|---|---|---|---|---|
Denis Kessler | President General Manager | Scor | 1 437 432 | 1 341 627 | 7 570 499 |
Christian Mumenthaler | General Manager | Swiss Re | 1 433 251 | 829 239 | 5 357 084 |
Walter B. Kielholz | President | Swiss Re | 2 562 266 | 0 | 4 264 592 |
Nikolaus von Bomhard (2) | President | Munich Re | 503 101 | 246 202 | 2 880 996 |
Joachim Wenning (3) | President | Munich Re | 1 251 764 | 406 713 | 2 856 881 |
(1) All incomes included: fixed salary, benefits-in-kind, attendance fees, performance shares and stock options.
(2) Resigned in April 26th, 2017
(3) Took office in April 27th, 2017
Read also | Employment in insurance: salaries [4]