McGavick pockets $15mn from share options

XL Group CEO Mike McGavick has made a profit of $14.9mn from
exercising share options over the past month.
McGavick flagged his intention to sell shares on the
company's third-quarter conference call in October. He said the
move was part of a broader financial plan decided with his family
more than two years ago but delayed due to the merger between XL
and Catlin.
On 1 December McGavick bought 146,500 shares for $484,915 before
selling them the same day for...