Liam P. Caffrey is the CEO of White Mountains Insurance Group, a position he has held since March 1, 2022. His expertise lies in finance, honed over more than two decades of experience in the industry. Before joining White Mountains,...

Liam P. Caffrey is the CEO of White Mountains Insurance Group, a position he has held since March 1, 2022. His expertise lies in finance, honed over more than two decades of experience in the industry. Before joining White Mountains, he served as CEO of Aon Affinity from 2018 to 2020 and was the global CFO at Aon Risk Solutions before that. His approach to leadership emphasizes performance-driven compensation, with a significant portion of his pay linked to the company's success. In 2023, his total compensation reached approximately $1.7 million, with a notable annual bonus reflecting strong company performance. Caffrey also has a vested interest in the company's stock, holding performance shares that incentivize long-term growth. His focus on achieving high growth targets aims to benefit both the company and its shareholders, showcasing his commitment to aligning executive interests with those of investors.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other White Mountains Insurance Group CEOs

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Liam P. Caffrey

CEO of White Mountains Insurance Group

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

February 22, 1973 - 52 years ago

CEO of White Mountains Insurance Group for

3 years 3 months (Mar 2022 - Present)

Previous Experience

Chief Executive Officer of Aon Affinity (2018-2020); Global Chief Financial Officer of Aon Risk Solutions (2015-2018); CFO of Aon Risk Solutions Americas (2012-2015); Partner at McKinsey & Company.

Rivals

Competitors/colleagues of Liam P. Caffrey

Holdings

See how much did Liam P. Caffrey make over time.

Liam Caffrey's investments in White Mountains Insurance Group are significant as he aims to create value for shareholders. His holdings include 1,250 performance shares tied to the company’s long-term growth targets. The performance shares could yield up to double the...

Liam Caffrey's investments in White Mountains Insurance Group are significant as he aims to create value for shareholders. His holdings include 1,250 performance shares tied to the company’s long-term growth targets. The performance shares could yield up to double the value based on achieving specific benchmarks. As of 2023, Caffrey's stock-based wealth reflects his strategic alignment with investors. His success directly impacts his financial interests, especially since the annual growth in Compensation Value Per Share (CVPS) is a measure for potential payouts. This model incentivizes him to maintain a strong focus on performance. Over the years, fluctuations in his share performance will depend on growth targets, currently set at 9% annual increase for the 2022-2024 cycle. This reflects his commitment to driving sustainable progress within the company.

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Insider Trading

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Compensation History

See how much did Liam P. Caffrey make over time.

In 2023, Liam P. Caffrey received total compensation of $1,695,000 at White Mountains Insurance Group. This included a base salary of $600,000 and a performance-based bonus which reached $765,000. His bonus was driven by a strong company performance, calculating a payout of 170% based on the annual increase in CVPS, which suggests the company had solid growth. Caffrey’s strategy emphasizes rewarding success, focusing on how well the company performs. In addition to his base pay, he also received $325,000 in other compensations, primarily reflecting a sign-on bonus from when he joined the company. This compensation structure aligns his incentives with achieving company goals, demonstrating a clear path for growth both for Caffrey and White Mountains.

Year

2023

Total Compensation

$1.69M

Salary

$600.00K

Board Justification

The compensation philosophy emphasizes pay-for-performance, aligning executive compensation with company performance and shareholder interests, with a significant portion of compensation being at risk based on performance metrics.

Bonus

$765.00K

Board Justification

The annual target bonus opportunity remains at 75% of salary, with actual payout based on company performance, resulting in a bonus of 170% of target due to a 14.5% increase in CVPS in 2023.

Other

$325.00K

Board Justification

This includes a sign-on bonus of $975,000 payable in three equal annual installments, with $325,000 recognized in 2023.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock grants were vested in 2023 as the focus was on performance shares and restricted shares which are not included in this summary.

Performance Metrics

The primary performance metric for determining bonuses is the growth in CVPS, which reflects the company's financial performance.

Other White Mountains Insurance Group CEOs

Here are other CEOs of White Mountains Insurance Group

Allan Waters

CEO of White Mountains Insurance Group

March 2007 - Invalid Date