Catlin to reap $2.5mn from consulting role

Stephen Catlin stands to collect $2.5mn for nine months'
work next year under a consulting arrangement he has agreed with XL
Group ahead of his retirement from the company.
Catlin will relinquish his role as executive deputy chairman on
15 May and become a special adviser to CEO Mike McGavick until
year-end, while continuing to receive his $1.3mn annual salary. He
will also be eligible for a cash bonus for 2017 of up to
$1.5mn.
The executive has agreed to...