Governance Framework

Our remuneration governance framework includes a ‘Nomination and Remuneration Committee’ (‘RemCo’). Acrisure Re Group’s employing entities, subsidiaries and undertakings, which includes ARCAS are all fall under remit of the RemCo. The RemCo is responsible with overseeing the implementation of the firm’s Remuneration Policy and practices established under SYSC 19G.2.1R. Consistent with the regulatory requirements, the RemCo undertakes an annual review of the Remuneration Policy and practices for the wider workforce and receive updates throughout the year on wider workforce matters to align remuneration policies across the Group. The RemCo is also accountable for setting the overarching principles and parameters of the Remuneration Policy across the Group, this includes;

The oversight of the implementation of remuneration policies across the Acrisure Re Group
Assisting with the design of the Remuneration Policy, which shall always promote the long-term success of the Acrisure Re Group
Review any performance related elements, which shall be transparent, stretching and rigorously applied
Review any non-financial performance metrics to be applied, and which shall form part of the performance assessment process. Taking into account adherence to effective risk management and compliance with the Financial Conduct Authority (and other applicable UK and overseas regulations and systems).

Remuneration at ARCAS is comprised of fixed pay (typically base salary, employer pension contributions and other benefits) and performance-related variable pay.