NED salaries in the insurance sector revealed
Research shows brokers pay their non-executive directors 18% less than insurers do.
Non-executive directors in the insurance sector are paid around £54,580 for an average annual commitment of 27 days per year, according to a report by Damhurst & Co.
The international insurance headhunter also stated that non-executive chairs can earn as much as £13,000 a day.
In addition, the Damhurst NED Report 2019 showed that Lloyd’s businesses pay nearly 20% more than their company market or managing general agent counterparts.
It also detailed that day rates are an increasingly common
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