Frank D'Orazio is the CEO of James River Group Holdings, a company he joined in 2020 after a robust career in the insurance sector. Before leading James River, he was a top executive at Allied World Assurance Company, where he...

Frank D'Orazio is the CEO of James River Group Holdings, a company he joined in 2020 after a robust career in the insurance sector. Before leading James River, he was a top executive at Allied World Assurance Company, where he held various roles over many years, including Chief Operating Officer and President of Underwriting. Under his leadership since November 2020, the company has focused on improving performance metrics like combined ratio and adjusted EBIT, which are key to its success. D'Orazio has also navigated the company through some significant insider trading activities, reflecting strategic movements in stock holdings worth millions. In 2023, he earned a total compensation of about $1.77 million, mostly from cash and bonuses, indicating a performance-based pay structure. Interestingly, he has personal stakes and interests that align closely with the company’s direction and performance, showing a strong commitment to shareholder value. He graduated from Fairfield University, and his extensive insurance background includes management positions at major firms like Munich-American Re-Insurance and Chubb. D'Orazio's straightforward and strategic approach has been vital in steering the company through a competitive landscape.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other James River Group Holdings CEOs

J

Frank D'Orazio

CEO of James River Group Holdings

Field of Expertise

Finance & Banking - Insurance

Sector of Economy

Financial Services

CEO of James River Group Holdings for

4 years 6 months (Nov 2020 - Present)

Previous Experience

Corporate Chief Operating Officer and Chief of Staff of Allied World Assurance Company Holding Ltd.

Rivals

Competitors/colleagues of Frank D'Orazio

Holdings

See how much did Frank D'Orazio make over time.

Frank D'Orazio's ownership of James River Group Holdings has seen interesting fluctuations. When he joined as CEO in late 2020, his stock worth was close to $3 million, reflecting strong confidence in the company’s potential. Over the years, he made...

Frank D'Orazio's ownership of James River Group Holdings has seen interesting fluctuations. When he joined as CEO in late 2020, his stock worth was close to $3 million, reflecting strong confidence in the company’s potential. Over the years, he made strategic insider trades, with significant values including $4 million in April 2022 and several trades worth around $3 million in 2023. His stock holdings peaked in the $3 million range but have seen a decline towards $1.5 million now, indicating market volatility and possibly changing investor sentiments. This fluctuation ties into his leadership style, which aims to enhance company performance and shareholder trust. Overall, his personal investment indicates a strong belief in the company’s future.

Insider Trading

See recent insider trades of Frank D'Orazio.

JRVR

49,317 shares

JRVR

Mar 1, 2024

Received

JRVR

18,626 shares

JRVR

Mar 1, 2023

Received

JRVR

$1.03M

JRVR at $20.64/share

Mar 2, 2022

Purchase

JRVR

62,195 shares

JRVR

Mar 2, 2022

Received

JRVR

62,669 shares

JRVR

Nov 2, 2020

Received

Compensation History

See how much did Frank D'Orazio make over time.

In 2023, Frank D'Orazio earned a total compensation of roughly $1.77 million. His salary was $966,625, which reflects his role as CEO of a major insurance company. Unlike previous years, D'Orazio did not receive stock grants that vested in this period, shifting the focus primarily to cash-based compensation tied to performance goals. He received a bonus of $773,300 for achieving targets under the Short-Term Incentive Plan, showing clear alignment between his earnings and the company's success. Over the last few years, his compensation has seen ups and downs, with a notable total of around $3.3 million in 2020 when he started, reflecting initial stock awards and bonuses. His pay strategy seems designed to motivate high performance while keeping executive costs manageable.

Year

2023

Total Compensation

$1.80M

Salary

$966.63K

Board Justification

The compensation philosophy aims to attract, motivate, and retain talented executives while aligning their interests with shareholders through performance-based compensation.

Bonus

$773.30K

Board Justification

The bonus is based on the achievement of performance goals under the Short-Term Incentive Plan (STI Plan) for the year 2023.

Other

$63.11K

Board Justification

Other compensation includes contributions to the 401(k) plan and other benefits.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock grants vested in 2023 as the focus is on cash compensation and performance-based awards.

Performance Metrics

The performance metrics for 2023 included adjusted combined ratio and adjusted EBIT, along with strategic goals.

Other James River Group Holdings CEOs

Here are other CEOs of James River Group Holdings

Robert P. Myron

Ex-CEO of James River Group Holdings

October 2017 - November 2020