People: Platinum Underwriters Holdings Ltd (PTP)
PTP on New York Consolidated
57.43USD
24 May 2013
57.43USD
24 May 2013
Price Change (% chg)
$-0.12 (-0.21%)
$-0.12 (-0.21%)
Prev Close
$57.55
$57.55
Open
$57.31
$57.31
Day's High
$57.51
$57.51
Day's Low
$56.76
$56.76
Volume
256,630
256,630
Avg. Vol
257,484
257,484
52-wk High
$59.50
$59.50
52-wk Low
$35.59
$35.59
Summary
| Name | Age | Since | Current Position |
|---|---|---|---|
Dan Carmichael |
68 | 2008 | Non-Executive Independent Chairman of the Board |
Michael Price |
46 | 2005 | President, Chief Executive Officer, Director |
Allan Decleir |
48 | 2010 | Chief Financial Officer, Executive Vice President |
Michael Lombardozzi |
51 | 2011 | President, Chief Executive Officer and Chief Legal Officer of Platinum Administrative Services, Inc. |
H. Elizabeth Mitchell |
51 | 2007 | President and Chief Executive Officer of Platinum US |
Robert Porter |
48 | 2006 | Chief Executive Officer of Platinum Underwriters Bermuda, Ltd. |
Kenneth Kurtzman |
45 | 2011 | Executive Vice President, Chief Risk Officer and Director of Investor Relations of PASI |
Neal Schmidt |
56 | 2005 | Executive Vice President and Chief Actuary of Platinum Administrative Services, Inc. |
A. John Hass |
47 | 2007 | Independent Director |
Antony Lancaster |
70 | 2010 | Independent Director |
Edmund Megna |
66 | 2007 | Independent Director |
James Slattery |
61 | 2009 | Independent Director |
Christopher Steffen |
71 | 2010 | Independent Director |
Biographies
| Name | Description |
|---|---|
Dan Carmichael |
Mr. Dan R. Carmichael is Non-Executive Independent Chairman of the Board of Platinum Underwriters Holdings, Ltd. Mr. Carmichael has been an advisor to FirstMark Capital, a private equity firm, since January 2009. He was an advisor and consultant to Proudfoot Consulting, a management consulting firm, from January 2008 to December 2009. From August 2007 to October 2008, he was an executive consultant to Liberty Mutual Agency Markets, a business unit of Liberty Mutual Group, an insurance company. From December 2000 to August 2007, Mr. Carmichael was President, Chief Executive Officer and a director of Ohio Casualty Corporation, a public insurance holding company. Prior thereto, Mr. Carmichael served as President and Chief Executive Officer of IVANS, Inc., an industry-owned organization that provides electronic communications services to insurance, healthcare and related companies. He has had involvement in the property and casualty insurance industry in various capacities and served as a Chief Executive Officer of insurance and non-insurance companies for more than twenty years. Mr. Carmichael has been a director of Lender Processing Services, Inc., a public company that provides integrated technology, data and services to the mortgage lending industry, since 2013, and serves on Lender Processing Services, Inc.’s audit committee. He was a director of Alleghany Corporation, a public property and casualty insurance holding company, from 1993 to 2012. Mr. Carmichael was nominated to serve on the Board because of this insurance industry experience and this experience as a public company executive and director. |
Michael Price |
Mr. Michael D. Price is President, Chief Executive Officer, Director of Platinum Underwriters Holdings Ltd. Mr. Price has been the company President and Chief Executive Officer since October 2005, was the company Chief Operating Officer from August 2005 until October 2005, and was President of Platinum US from November 2002 until August 2005. Mr. Price was Chief Underwriting Officer of the company predecessor, the former reinsurance segment of The St. Paul Companies, Inc., from June 2002 until November 2002. Prior thereto, Mr. Price was Chief Operating Officer of Associated Aviation Underwriters Incorporated, a subsidiary of Global Aerospace Underwriting Managers Ltd., specializing in aerospace insurance. |
Allan Decleir |
Mr. Allan Carl Decleir is Chief Financial Officer, Executive Vice President of Platinum Underwriters Holdings, Ltd. Mr. Decleir has been Chief Financial Officer since June 2010 and an Executive Vice President since April 2010. From March 2005 to June 2010 he served as Senior Vice President and Chief Financial Officer of Platinum Bermuda. |
Michael Lombardozzi |
Mr. Michael E. Lombardozzi is President, Chief Executive Officer and Chief Legal Officer of Platinum Administrative Services, Inc., subsidiary of Platinum Underwriters Holdings, Ltd. Mr. Lombardozzi has been President of PASI since May 2006, Chief Executive Officer of PASI since May 2010 and Chief Legal Officer of PASI since September 2011. He has also served as Executive Vice President and General Counsel since September 2002, Chief Administrative Officer since August 2005 and Secretary since November 2002. |
H. Elizabeth Mitchell |
Ms. H. Elizabeth Mitchell is President and Chief Executive Officer of Platinum US., a reinsurance subsidiary of Platinum Underwriters Holdings, Ltd. Ms. Mitchell has been President of Platinum US since August 2005 and Chief Executive Officer of Platinum US since November 2007. |
Robert Porter |
Mr. Robert S. Porter is Chief Executive Officer of Platinum Underwriters Bermuda, Ltd., a reinsurance subsidiary of Platinum Underwriters Holdings, Ltd. Mr. Porter has been Chief Executive Officer of Platinum Bermuda since March 2006. |
Kenneth Kurtzman |
Mr. Kenneth A. Kurtzman is Executive Vice President, Chief Risk Officer and Director of Investor Relations of PASI., subsidiary of Platinum Underwriters Holdings, Ltd. Mr. Kurtzman was head of casualty underwriting at Swiss Re Underwriters Agency, Inc., a division of Swiss Reinsurance Company, from July 2004 until March 2006. Prior thereto, Mr. Kurtzman was head of property and casualty risk management at Swiss Reinsurance Company. |
Neal Schmidt |
Mr. Neal J. Schmidt is Executive Vice President and Chief Actuary of Platinum Administrative Services, Inc., of Platinum Underwriters Holdings Ltd. Mr. Schmidt has been Executive Vice President and Chief Actuary of PASI since January 2005. |
A. John Hass |
Mr. A. John Hass is Independent Director of Platinum Underwriters Holdings, Ltd. Mr. Hass has been a senior advisor to Osmium Partners, LLC, a hedge fund, since November 2012. He was a partner at PEAK6 Investments, L.P., a financial services company, from October 2008 through September 2012 and was the Chief Financial Officer of PEAK6 Investments, L.P. from February 2009 through June 2010. He was the Chief Executive Officer of OptionsHouse, Inc., a brokerage company and subsidiary of PEAK6 Investments, L.P., from October 2006 until September 2008. From 1988 to October 2006, Mr. Hass was employed at Goldman Sachs & Co., a subsidiary of the public financial services company The Goldman Sachs Group, Inc., most recently as a Managing Director in the Investment Banking Division. Mr. Hass was nominated to serve on the Board because of this executive, finance and investment experience. |
Antony Lancaster |
Mr. Antony P. D. Lancaster is Independent Director of Platinum Underwriters Holdings, Ltd. Mr. Lancaster currently serves on the board of directors of several private insurance companies and other financial institutions and served as a non-executive director of Platinum Re (UK) Limited, a former subsidiary of the Company, from December 2002 until December 2009. From 1991 to 1998, Mr. Lancaster served as Chairman and Chief Executive Officer of GAN Insurance Company Limited, an insurance company based in France. Following the acquisition in 1998 of GAN by Groupama, an international insurance group based in France, Mr. Lancaster served as Chairman and Chief Executive Officer of Groupama Insurance Co. Limited (Groupama’s United Kingdom subsidiary) until his retirement in 2002. Mr. Lancaster commenced his employment in the insurance industry in 1961 and was employed at various times as a general manager, senior vice president, chief executive and chairman of insurance and reinsurance companies and broker businesses in a number of overseas locations. He was a director of IPC Holdings, Ltd., a public reinsurance company based in Bermuda, from 2006 until 2009. Mr. Lancaster was nominated to serve on the Board because of this international insurance industry experience, this experience as a public company director and his familiarity with the Company. |
Edmund Megna |
Mr. Edmund R. Megna, Jr., is Independent Director of Platinum Underwriters Holdings, Ltd. Mr. Megna was Vice Chairman of Guy Carpenter & Co., Inc., the reinsurance intermediary division of Marsh & McLennan Companies, Inc., from November 2002 until his retirement in April 2007. From 1975 until November 2002, he held a variety of positions at Guy Carpenter & Co., Inc., including serving as President from March 1999 until November 2002. Mr. Megna was nominated to serve on the Board because of this experience as an insurance industry executive. |
James Slattery |
Mr. James P. Slattery is Independent Director of Platinum underwriters Holdings Ltd. Mr. Slattery has been President of JPS & Co., LLC, an insurance and investment consulting company, since April 2001. He was Senior Vice President — Insurance of Alleghany Corporation, a public property and casualty insurance holding company, and President of Alleghany Insurance Holdings, LLC, the insurance holding company subsidiary of Alleghany Corporation, from April 2002 until his retirement in July 2008. From 1986 to 2001, he was employed by subsidiaries of Swiss Re Ltd, a public reinsurance company based in Switzerland, most recently as Chief Operating Officer and Deputy Chief Executive Officer of Swiss Reinsurance America Corporation. Mr. Slattery was employed by various public and private reinsurance companies from 1978 until his retirement in 2008, including as a senior financial officer. Prior thereto, he was an auditor with KPMG LLP. Mr. Slattery is also a certified public accountant and a member of the American Institute of Certified Public Accountants. Mr. Slattery was a director of Darwin Professional Underwriters, Inc., a public insurance holding company, from 2006 to 2008. Mr. Slattery was nominated to serve on the Board because of this experience as a public company executive and director and his finance and insurance industry experience. |
Christopher Steffen |
Mr. Christopher J. Steffen is Independent Director of Platinum underwriters Holdings Ltd. Mr. Steffen has been an advisor to Wall Street Management & Capital, Inc., a consulting firm, since April 2002 and has served on various committees advising the Financial Accounting Standards Board. From 1993 until his retirement in 1996, he served as Vice Chairman and a director of Citicorp and its principal subsidiary, Citibank N.A. In 1993, he was the Chief Financial Officer of Eastman Kodak, a public imaging technology products and services company, and from 1989 to 1993 he was the Chief Financial Officer and Chief Administrative Officer and a director of Honeywell International, Inc., a public diversified technology and manufacturing company. Mr. Steffen was also a certified public accountant. Mr. Steffen has been a director and the Chairman of the Board of Directors of ViaSystems Group, Inc., a public company that provides complex multi-layer printed circuit boards and electro-mechanical solutions, since 2003 and a director of W. R. Grace & Co., a public company that produces and sells specialty chemicals and specialty materials, since 2006. He is W. R. Grace & Co.’s Lead Independent Director, Chairman of W. R. Grace & Co.’s nominating and governance committee and serves on W. R. Grace & Co.’s compensation committee and audit committee. In addition, Mr. Steffen is Chairman of ViaSystems Group, Inc.’s nominating and governance committee, the interim Chairman of ViaSystems Group, Inc.’s audit committee and serves on ViaSystems Group, Inc.’s compensation committee. He was a director of Accelrys, Inc., a public company that develops and commercializes scientific business intelligence software and solutions, from 2004 to 2012. |
Basic Compensation
| Name | Fiscal Year Total |
|---|---|
Dan Carmichael |
-- |
Michael Price |
7,443,370 |
Allan Decleir |
2,108,500 |
Michael Lombardozzi |
3,072,790 |
H. Elizabeth Mitchell |
3,276,660 |
Robert Porter |
3,754,380 |
Kenneth Kurtzman |
1,142,940 |
Neal Schmidt |
553,969 |
A. John Hass |
-- |
Antony Lancaster |
-- |
Edmund Megna |
-- |
James Slattery |
-- |
Christopher Steffen |
-- |
As Of 30 Dec 2012
Options Compensation
| Name | Options | Value |
|---|---|---|
Dan Carmichael |
0 | 0 |
Michael Price |
500,000 | 5,049,840 |
Allan Decleir |
0 | 0 |
Michael Lombardozzi |
267,893 | 1,825,539 |
H. Elizabeth Mitchell |
174,394 | 1,546,585 |
Robert Porter |
0 | 0 |
Kenneth Kurtzman |
0 | 0 |
Neal Schmidt |
150,000 | 1,270,500 |
A. John Hass |
0 | 0 |
Antony Lancaster |
0 | 0 |
Edmund Megna |
0 | 0 |
James Slattery |
0 | 0 |
Christopher Steffen |
0 | 0 |
| Name | Shares Traded | Price |
|---|---|---|
LOMBARDOZZI MICHAEL EMIDIO |
20,944 | $57.59 |
LOMBARDOZZI MICHAEL EMIDIO |
1,495 | $57.51 |
MITCHELL H ELIZABETH |
18 | $0.00 |
DECLEIR ALLAN CARL |
1,443 | $0.00 |
PORTER ROBERT S |
50,596 | $34.34 |
PORTER ROBERT S |
10,673 | $56.40 |
PORTER ROBERT S |
58,253 | $56.41 |
LOMBARDOZZI MICHAEL EMIDIO |
4,251 | $57.81 |
PORTER ROBERT S |
10,673 | $30.75 |
PORTER ROBERT S |
29,150 | $33.92 |
PORTER ROBERT S |
50,596 | $56.41 |
PORTER ROBERT S |
29,150 | $56.40 |
PORTER ROBERT S |
58,253 | $30.58 |
LOMBARDOZZI MICHAEL EMIDIO |
38,800 | $57.50 |
HASS A JOHN |
1,418 | $0.00 |
STEFFEN CHRISTOPHER J |
1,418 | $0.00 |
LANCASTER ANTONY P D |
1,418 | $0.00 |
CARMICHAEL DANNY ROY |
1,418 | $0.00 |
MEGNA EDMUND R JR |
1,418 | $0.00 |
SLATTERY JAMES P |
1,418 | $0.00 |
MITCHELL H ELIZABETH |
346 | $0.00 |
SCHMIDT NEAL J |
3,665 | $56.16 |
MITCHELL H ELIZABETH |
80,000 | $55.31 |
DECLEIR ALLAN CARL |
4,970 | $0.00 |
KURTZMAN KENNETH A |
869 | $52.41 |
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