Sundar PichaiSundar Pichai earned $164M in 2023
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Joseph W. Brown

Ex-CEO of Global Indemnity Group

Education

Bachelor's in Business Administration from University of Georgia.

Field of Expertise

Finance & Banking - Finance

Born

March 22, 1953 - 71 years ago

Economy Sector

Financial Services

Tenure

1 year 2 months (Oct 2022 - Dec 2023)

Previous Experience

CEO of MBIA Inc., Chairman of Safeco Corporation.

Joseph W. Brown is the CEO of Global Indemnity Group, LLC, having taken the role in October 2022 after a notable career in insurance leadership. Before joining Global Indemnity, he was President and CEO of MBIA from 2008 to 2017,...

Year

2023

Total Compensation

$3.02M

Salary

$1.00M

Board Justification

The compensation philosophy aims to align executive compensation with company performance, peer benchmarking, and retention strategies, focusing on long-term shareholder value.

Bonus

$2.00M

Board Justification

Mr. Brown received a $2,000,000 cash bonus on March 15, 2024, per the terms of Mr. Brown’s CEO Agreement, based on performance metrics including underwriting income and service quality goals.

Other

$16.68K

Board Justification

Other compensation includes life insurance premiums and travel and housing expenses.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards vested in 2023 as Mr. Brown was not eligible for an equity bonus.

Performance Metrics

Performance metrics for 2023 included consolidated actual adjusted accident year underwriting income and gross written premiums.