Andrew Moss demanded near 10% payrise days before departure
According to The Sunday Telegraph, Mr Moss felt he deserved an increase as his pay had been frozen in recent years and because he was unhappy about his salary in comparison to other insurance chief executives.
Had members of the remuneration committee submitted to his demands, his basic salary would have risen from £960,000 to £1.05m in 2012.
It appears the figure was rejected by Scott Wheway, chairman of the remuneration committee, but Mr Moss was granted a 4.8% rise which he later had to waive
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