Allan Waters has been at the helm of White Mountains Insurance Group, Ltd. since 2007, leading the reinsurance subsidiary, Sirius International Insurance Group. He's known for aligning executive pay with long-term performance, with his compensation reflecting a strong focus on...
Allan Waters has been at the helm of White Mountains Insurance Group, Ltd. since 2007, leading the reinsurance subsidiary, Sirius International Insurance Group. He's known for aligning executive pay with long-term performance, with his compensation reflecting a strong focus on results. In 2013, for instance, Waters earned a total of $6,475,783, which included a salary of $500,000 and a performance bonus of $337,500, awarded for exceeding targets. He was granted performance shares that paid out based on the company's success in key financial metrics, like underwriting return on capital. In 2015, underlining his value to the company, he received performance units worth $5.5 million due to the company's impressive results. Many of his decisions and successes pull from his solid experience in the insurance field. Additionally, his career has seen a mix of strategic planning and practical execution, making him a key figure in navigating market challenges and driving growth for White Mountains.