Directors’
remuneration
report continued
Service contract table
Effective date of Unexpired term
Director Hiscox Ltd contract and notice period
RRS Hiscox 12 Dec 2006 12 months
BE Masojada 12 Dec 2006 6 months
RS Childs 12 Dec 2006 6 months
SJ Bridges 12 Dec 2006 6 months
R Gillingwater 1 Dec 2010 3 months
DM Healy 11 Oct 2006 3 months
ER Jansen 20 Nov 2008 3 months
Dr J King 11 Oct 2006 3 months
R McMillan 1 Dec 2010 3 months
AS Rosen 11 Oct 2006 3 months
G Stokholm 20 Nov 2008 3 months
Remuneration of Non Executive Directors
All amounts are denominated in US Dollars. The structure of the fees paid is detailed below. In 2013 Robert Childs will become Chairman of
Hiscox Ltd. His appointment is as Non Executive Chairman and as such he will be paid a fee of £275,000 p.a. but will no longer be entitled to
participate in the annual bonus scheme or receive grants under the Performance Share Plan. His outstanding Performance Share Plan
grants from 2011 and 2012 will vest in line with the scheme rules in 2014 and 2015 respectively.
The fees in relation to Hiscox Ltd for the year were:
Hiscox Ltd Total Total
Board Committees 2012 2011
$000 $000 $000 $000
R Gillingwater 83 47 130 128
DM Healy 83 42 125 123
ER Jansen 83 32 115 113
Dr J King 83 37 120 118
R McMillan 83 32 115 113
AS Rosen 83 42 125 122
G Stokholm 83 39 122 119
Pensions
Increase Increase/
in accrued Transfer Transfer value Transfer value Transfer value (decrease) in
pension accrued of increase of accrued of accrued transfer value of
during the annual pension at in accrued pension at pension at accrued benefit
year 31 Dec 12 pension 1 Jan 12 31 Dec 12 during the year
£000 £000 £000 £000 £000 £000
RRS Hiscox 12 262 – 5,727 5,582 (145)
BE Masojada 2 45 – 1,269 1,166 (103)
RS Childs 10 257 – 7,828 6,799 (1,029)
SJ Bridges 1 34 – 745 736 (9)
44 Directors’ remuneration report Hiscox Ltd Report and Accounts 2012