OneBeacon CEO set for windfall under Intact
The CEO of specialty insurer OneBeacon is set for a generous
payout from Canadian insurer Intact Financial provided he stays on
under the new owner.
According to a US Securities and Exchange Commission (SEC)
filing on 24 May, Michael Miller could receive well over $18mn if
he remains at OneBeacon through to July 2020.
The executive will also be allowed to use the company jet, up to
an annual cap of $125,000 in flights.
Miller's annual base salary will be...
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