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What’s Behind Mutual Insurer CEOs’ Big Pay Increases?

By P&C Specialist | Jun 1, 2026 | Read more

Partners Roman Beleuta and Melissa Burek were quoted in a P&C Specialist article examining recent increases in mutual insurer CEO compensation. Roman explained that much of the variation in reported pay reflects timing, as only a small portion of compensation is guaranteed salary while the rest is generally performance-based and at risk. He noted that multiyear incentive plans can create sharp swings in reported compensation, particularly as profitability rebounded in 2024 and 2025 following meaningful rate increases. Melissa added that Liberty Mutual’s disclosed payouts from appreciation units, which are similar to stock incentives, can significantly increase reported compensation when executives redeem them

Median pay for CEOs rose nearly 6% in 2025, but some compensation packages were eye-popping

By AP News | May 27, 2026 | Read more

Partner Kelly Malafis was quoted in an AP News article on 2025 CEO compensation trends, including the growth in median CEO pay and notable large compensation packages. Kelly noted that the use of AI considerations or metrics in incentive plans has not yet become a majority practice, though she expects that could change going forward

Shareholders Deliver Short-Target Welltower Say-on-Pay Rebuke

By The Deal | May 26, 2026 | Read more

Partner Shaun Bisman was quoted in a “The Deal by S&P Global” article on Welltower’s failed say-on-pay vote, following shareholder concerns about the REIT’s executive compensation structure. Shaun noted that investor opposition extended beyond the advisory pay proposal to compensation committee members, signaling a broader focus on board accountability and governance oversight. He also explained that the opposition appeared to reflect concerns about the extraordinary size and structure of Welltower’s special front-loaded awards

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In today’s environment, compensation committees and executives want to ensure their executive compensation advisor is intimately familiar with the company’s organization, business objectives and strategic challenges, as well as available to provide independent advice.

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