The 10 highest-paid chief executives of commercial insurance companies together pulled in almost $160 million last year, a new report from SNL Financial reveals.
The financial services firm used data from regulatory filings to compare total compensation among CEOs and other top leaders of the nation’s NYSE and NASDAQ-listed commercial property/casualty carriers. The ranking includes only those CEOs operating in the United States – those in Bermuda and the Cayman Islands were not considered.
In order, the highest-paid insurance carrier CEOs are:
10. Christopher Williams, HCC Insurance Holdings Inc.
Base salary: $1,950,000
Total 2014 compensation: $9,606,187
9. Weston Hicks, Alleghany
Base salary: $1,000,000
Total 2014 compensation: $10,543,046
8. Thomas Motamed, CNA Financial Corp.
Base salary: $1,000,000
Total 2014 compensation: $11,435,847
7. Peter Hancock, American International Group
Base salary: $1,426,923
Total 2014 compensation: $12,064,428
6. Terry Ledbetter, State National Cos. Inc.
Base salary: $1,241,538
Total 2014 compensation: $15,998,581
5. John Finnegan, Chubb Corp.
Base salary: $1,325,000
Total 2014 compensation: $17,841,294
4. William Berkley, W.R. Berkley Corp.
Base salary: $1,000,000
Total 2014 compensation: $19,483,692
3. Evan Greenberg, ACE Ltd.
Base salary: $1,200,000
Total 2014 compensation: $19,678,174
2. Jay Fishman, Travelers Cos. Inc.
Base salary: $1,000,000
Total 2014 compensation: $20,435,381
1. Barry Zyskind, AmTrust Financial
Base salary: $975,000
Total 2014 compensation: $22,130,044
