James River Group Holdings, Ltd. CEO Richard Schmitzer's 2021 pay slips 11% to $1.5M

James River Group Holdings, Ltd. reports 2021 executive compensation

By ExecPay News

Published: September 20, 2022

James River Group Holdings, Ltd. reported fiscal year 2021 executive compensation information on September 20, 2022.

In 2021, six executives at James River Group Holdings, Ltd. received on average a compensation package of $1.2M, a 36% decrease compared to previous year.

Average pay of disclosed executives at James River Group Holdings, Ltd.

Richard Schmitzer, Chief Executive Officer, received $1.5M in total, which decreased by 11% compared to 2020. 43% of Schmitzer's compensation, or $643K, was in salary. Schmitzer also received $313K in bonus, $330K in stock awards, as well as $195K in other compensation.

For fiscal year 2021, the median employee pay was $90,701 at James River Group Holdings, Ltd.. Therefore, the ratio of Richard Schmitzer's pay to the median employee pay was 16 to one.

Frank N. D'Orazio, Chief Executive Officer, received a compensation package of $1.3M, which decreased by 61% compared to previous year. 64% of the compensation package, or $850K, was in salary.

Robert P. Myron, Chief Operating Officer, earned $1.2M in 2021, a 43% decrease compared to previous year.

Terence McCafferty, Chief Executive Officer, received $1.1M in 2021, which increases by 6% compared to 2020.

Sarah C. Doran, Chief Financial Officer, earned $1.1M in 2021, a 45% decrease compared to previous year.

Daniel Heinlein, Chief Executive Officer, received $919K in 2021, which decreases by 13% compared to 2020.