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,...

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, overseeing significant changes in the company during a turbulent time in the financial services industry. He holds a degree in Probability and Statistics from Northern Illinois University and is a fellow of the Casualty Actuarial Society. Interestingly, Brown has a solid track record in performance-based compensation, recently securing a cash bonus of $2 million in 2023. His compensation package reflects his commitment to aligning executive pay with company performance. Under his leadership, Global Indemnity continues to focus on underwriting income and service quality goals. His long experience in the field, combined with his focus on results, aims to deliver value to shareholders.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Global Indemnity Group CEOs

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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

Sector of Economy

Financial Services

Born

March 22, 1953 - 72 years ago

CEO of Global Indemnity Group for

1 year 2 months (Oct 2022 - Dec 2023)

Previous Experience

CEO of MBIA Inc., Chairman of Safeco Corporation.

Rivals

Competitors/colleagues of Joseph W. Brown

Holdings

See how much did Joseph W. Brown make over time.

Joseph W. Brown holds significant stock options with Global Indemnity. In 2023, he received options to purchase 200,000 Class A Common Shares, with an exercise price of $20.77. These options vest in four tranches, showcasing a strategy tied to long-term...

Joseph W. Brown holds significant stock options with Global Indemnity. In 2023, he received options to purchase 200,000 Class A Common Shares, with an exercise price of $20.77. These options vest in four tranches, showcasing a strategy tied to long-term company performance. Notably, he received a cash bonus of $2 million based on performance metrics for underwriting income and service quality. Brown's wealth has been tied closely to his role at Global Indemnity, and in 2023, most of his compensation (nearly 66% of his total 2023 income) came from this performance bonus. Throughout his career, he has managed substantial holdings, with a keen focus on sustaining and enhancing company value over time.

Mar 18, 2025

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shares

GBLI @ $36.00

Insider Trading

See recent insider trades of Joseph W. Brown.

GBLI

$64.00K

GBLI at $32.00/share

May 15, 2024

Purchase

GBLI

$259.74K

GBLI at $32.47/share

May 13, 2024

Purchase

GBLI

$28.04K

GBLI at $23.23/share

Dec 31, 2022

Received

GBLI

$156.26K

GBLI at $25.13/share

Sep 30, 2022

Received

GBLI

$258.50K

GBLI at $25.85/share

Aug 18, 2022

Purchase

GBLI

$156.25K

GBLI at $25.96/share

Jun 30, 2022

Received

GBLI

$266.90K

GBLI at $26.69/share

May 17, 2022

Purchase

GBLI

$156.25K

GBLI at $25.64/share

Mar 31, 2022

Received

GBLI

$119.05K

GBLI at $25.78/share

Dec 31, 2021

Received

GBLI

$541.50K

GBLI at $27.08/share

Nov 12, 2021

Purchase

Compensation History

See how much did Joseph W. Brown make over time.

In 2023, Joseph W. Brown's total compensation reached $3,016,678, primarily driven by a $2 million cash bonus based on performance metrics related to underwriting income and service quality. He also earned a base salary of $1 million. Interestingly, he has been part of a non-equity incentive plan that aligns closely with the company's financial success. However, he did not receive any stock awards or equity bonuses in 2023, focusing instead on cash compensation that reflects immediate company results. This move underscores a compensation philosophy at Global Indemnity that emphasizes performance and accountability rather than long-term stock ownership alone.

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.

Other Global Indemnity Group CEOs

Here are other CEOs of Global Indemnity Group

Cynthia Y. Valko

Ex-CEO of Global Indemnity Group

September 2011 - October 2022