Quick read

How we’re rewarded

The executive remuneration policy is set by the remuneration committee and is governed by these guiding principles:

  • Alignment to shareholder interests; and

  • Performance of the group.

Reward at Beazley is centred around the following incentive initiatives:

  • Long Term Incentive Plans (LTIPs) – these represent performance linked share options which are dependent on the group achieving pre-defined financial targets;

  • Performance related pay (PRP) – is allocated to underwriters based on the profitability of their portfolios;

  • Enterprise bonus pool – this is a discretionary annual bonus determined by group performance and distributed both in cash and shares; and

  • Other share schemes – the group uses a number of other schemes to incentivise and retain staff through share ownership.

Further details of the reward policy is set out in the directors' remuneration report.