Four Hiscox executives share £4m

The four executive directors of FTSE 250 insurance firm Hiscox shared £4.2m in pay and benefits for 2012, up from £1.4m in 2011. Outgoing chairman Robert Hiscox, chief executive Bronek Masojada, new chairman Robert Childs, and chief financial officer Stuart Bridges shared a bonus pool worth £2.7m, as well as enjoying pay rises. Masojada was the top individual earner, taking home £1.3m. The figures were revealed in the company’s annual report.