The former chief executive of LV= has been awarded a £318,000 bonus despite widening losses and lingering controversy over his role in a failed sale to an US private equity firm that would have resulted in the demutualisation of the insurer.
LV= said in its annual report that Mark Hartigan, who stepped down at the end of September, less than a year after the botched sale, had been a “good leaver” under the terms of his contract, and was therefore eligible for a bonus for 2022.
