Michael P. Kehoe is the founder and CEO of Kinsale Capital Group. He started the company in 2009, bringing over 30 years of experience in the insurance industry. Before Kinsale, he led James River Insurance Company and held key roles...

Number of Employees

574

Year

2023

Total Compensation

$5.22M

Salary

$900.00K

Board Justification

The compensation philosophy aims to align the interests of NEOs with stockholders, rewarding achievement of strategic and operational goals while discouraging excessive risk-taking.

Bonus

$2.50M

Board Justification

The bonus for 2023 was determined based on actual underwriting profit, with payouts at approximately 185% of the target level for the CEO, which is set at 150% of base salary.

Other

$23.10K

Board Justification

Other compensation includes contributions to the 401(k) plan and payment of long-term disability and life insurance premiums.

Restricted Stock

$1.80M(5.67K restricted stock)

Board Justification

The stock awards granted on March 1, 2023, vest 25% annually for four years, with 5,671 shares vested in 2023.

Performance Metrics

The performance metrics determining the CEO's compensation include actual underwriting profit, combined ratio, and operating return on equity.

SEC Filing

From April 8, 2024

Michael P. Kehoe

CEO of Kinsale Capital Group

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Education

Field of Expertise

Finance & Banking - Insurance

Born

Invalid Date - 0 years ago

Is Founder?

No

Current Tenure

7 years 7 months (Jun 2017 - Present)

Previous Experience

Senior Vice President and Chief Information Officer