Sirius International Insurance Group, Ltd. CEO Kernan Oberting's 2019 pay jumps 96% to $5.4M

Sirius International Insurance Group, Ltd. reports 2019 executive compensation

By ExecPay News

Published: November 6, 2020

Sirius International Insurance Group, Ltd. reported fiscal year 2019 executive compensation information on November 6, 2020.

In 2019, six executives at Sirius International Insurance Group, Ltd. received on average a compensation package of $2.6M, a 7% decrease compared to previous year.

Average pay of disclosed executives at Sirius International Insurance Group, Ltd.

Kernan Kip V. Oberting, Chief Executive Officer, received $5.4M in total, which increased by 96% compared to 2018. 58% of Oberting's compensation, or $3.1M, was in option awards. Oberting also received $216K in non-equity incentive plan, $500K in salary, $1.5M in stock awards, as well as $12K in other compensation.

For fiscal year 2019, the median employee pay was $95,010 at Sirius International Insurance Group, Ltd.. Therefore, the ratio of Kernan Kip V. Oberting's pay to the median employee pay was 57 to one.

Gene Boxer, Chief Scientific Officer, received a compensation package of $2.4M, which decreased by 9% compared to previous year. 69% of the compensation package, or $1.6M, was in stock awards.

Monica Cramér Manhem, President, Global Reinsurance, earned $2.3M in 2019, a 10% decrease compared to previous year.

Ralph A. Salamone, Chief Financial Officer, received $2.3M in 2019.

Jeffrey W. Davis, Executive Vice President, CRO & Chief Actuary, Sirius Group, earned $1.9M in 2019, a 15% increase compared to previous year.

Allan L. Waters, Chief Executive Officer, received $1.1M in 2019, which decreases by 73% compared to 2018.