Business Services Industry
Most broker CEOs see pay increase. (insurance brokerage firms)
Business Insurance, July, 1997 by Simpson, Holly
Aon exec had highest compensation Aon Group Inc.'s Patrick G. Ryan is the highest paid insurance brokerage chief executive officer among the U.S. publicly traded insurance brokers. The leader in the consolidation of insurance brokers, Mr. Ryan was awarded a 58.2% pay raise in 1996. His cash compensation of $2,577,692 bumped Marsh & McLennan Cos.
Inc.'s A.J.C. Smith from the No. 1 spot he had held the last four years. Mr. Ryan was paid a salary of $957,692 and a bonus of $1,620,000 in 1996. In 1995, he earned $886,968 in salary and $742,500 in bonus. Mr. Ryan also is chairman, president and CEO of Aon Corp., which owns insurance companies as well as insurance brokerage and consulting operations. Consolidating the acquisition of three of last year's top 20...
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