Cynthia Y. Valko became the CEO of Global Indemnity Group in September 2011, bringing years of experience in the insurance industry. Prior to this, she served as Senior VP of Commercial Lines at GMAC Insurance and had a role at...

Cynthia Y. Valko became the CEO of Global Indemnity Group in September 2011, bringing years of experience in the insurance industry. Prior to this, she served as Senior VP of Commercial Lines at GMAC Insurance and had a role at Cerberus Private Equity, focusing on turning around the insurance business. She worked her way up in the insurance sector, starting in 1976, and held senior positions including Chief Operating Officer at New York Life International from 1998 to 2006. Cynthia's leadership was pivotal during her tenure, and her compensation reflected her responsibilities, peaking at $1.4 million in total annual pay and receiving bonuses tied to performance metrics like underwriting income. In 2016, her options increased significantly, indicating high expectations for her work. Cynthia retired in January 2021 but left a mark on the company with structured compensation strategies aligning executive pay with company performance. She was recognized for her role in managing growth in a challenging industry and restructuring for future success.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Global Indemnity Group CEOs

G

Cynthia Y. Valko

Ex-CEO of Global Indemnity Group

Education

MBA from Harvard Business School.

Field of Expertise

Finance & Banking - Insurance

Sector of Economy

Financial Services

Born

May 15, 1961 - 63 years ago

CEO of Global Indemnity Group for

11 years 1 month (Sep 2011 - Oct 2022)

Previous Experience

Senior Vice President at GMAC Insurance, COO at New York Life International.

Rivals

Competitors/colleagues of Cynthia Y. Valko

Holdings

See how much did Cynthia Y. Valko make over time.

Cynthia Y. Valko's financial decisions reflected her confidence in Global Indemnity. Over her career, she held substantial holdings, primarily in options for Class A Common Shares. Upon starting as CEO in 2011, she was granted 300,000 options, which had an...

Cynthia Y. Valko's financial decisions reflected her confidence in Global Indemnity. Over her career, she held substantial holdings, primarily in options for Class A Common Shares. Upon starting as CEO in 2011, she was granted 300,000 options, which had an exercise price of $17.87. These options were part of her strategy to align her interests with company performance. Throughout her time, she accumulated various awards based on strict performance conditions tied to underwriting income and profitability targets. By 2020, her vested options indicated a significant financial stake in the company, worth around $1 million at the exercise price. Even after her retirement in 2021, she retained rights to other options that potentially bolstered her wealth tied to company success, representing a solid financial strategy reflecting confidence in the company's prospects.

Total Stock Sold

$1.24M

GBLI

$1.24M

30,000 GBLI shares

What if they kept their stock?

If Cynthia Y. Valko didn't sell their stock, today they would have:
Extra GBLI30,000 shares worth $746.70K.
This is -39.79% and $493.53K less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Cynthia Y. Valko.

GBLI

$617.25K

GBLI at $41.15/share

Nov 14, 2017

Sale

GBLI

$617.25K

GBLI at $41.15/share

Nov 14, 2017

Sale

GBLI

$324.99K

GBLI at $29.02/share

Mar 4, 2016

Received

GBLI

$299.98K

GBLI at $28.37/share

Mar 6, 2015

Received

GBLI

$499.99K

GBLI at $28.37/share

Jan 1, 2015

Received

GBLI

$299.98K

GBLI at $25.30/share

Jun 12, 2014

Received

GBLI

$249.98K

GBLI at $22.13/share

Mar 12, 2013

Received

GBLI

$249.98K

GBLI at $22.13/share

Mar 12, 2013

Received

GBLI

$72.00K

GBLI at $18.60/share

Mar 12, 2012

Received

Compensation History

See how much did Cynthia Y. Valko make over time.

Cynthia Y. Valko's compensation was structured to reflect her crucial role at Global Indemnity Group. In 2011, her total pay was $193,531, which steadily increased over her tenure. By 2020, her total compensation peaked at approximately $1.4 million, including a base salary of $800,000 and options granted based on performance metrics such as underwriting profitability. She had a bonus plan with potential earnings reaching $1.4 million depending on meeting specific targets, showing the high expectations placed on her. The compensation philosophy aimed to align executive payments with shareholders' interests, making it clear that her earnings were closely tied to the company's success. This approach aimed for motivation while ensuring accountability, a principle she seemed to uphold throughout her leadership.

Year

2011

Total Compensation

$194.53K

Salary

$115.39K

Board Justification

The compensation philosophy aims to align executive compensation with company performance and shareholder interests, focusing on competitive compensation packages based on peer benchmarking.

Bonus

$72.00K

Board Justification

Cynthia Y. Valko's yearly bonus opportunity of $500,000 was pro-rated for 2011, resulting in a bonus of $144,000, payable 50% in cash and 50% in restricted shares.

Other

$7.15K

Board Justification

Includes matching contributions under the 401(k) plan and life insurance premiums.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards vested in 2011 as the stock grants were not specified in the provided data.

Performance Metrics

Performance metrics for determining compensation include underwriting income, premium volume, and underwriting profitability targets.

Other Global Indemnity Group CEOs

Here are other CEOs of Global Indemnity Group

Larry A. Frakes

Ex-CEO of Global Indemnity Group

January 2008 - September 2011

Joseph W. Brown

Ex-CEO of Global Indemnity Group

October 2022 - December 2023