ACE Limited 2011 Executive Officer Cash Compensation Description
This document outlines the 2011 annual base salaries for ACE Limited's top executive officers, including the CEO, CFO, and other key executives. It lists each officer's name, title, and salary for the year, noting that some salaries were adjusted mid-year and pro-rated accordingly. The document also states that these executives receive additional bonuses and benefits, as detailed in the company's proxy statement for the 2011 annual meeting.
Exhibit 10.1
ACE LIMITED
DESCRIPTION OF EXECUTIVE OFFICER CASH COMPENSATION
Set forth below are the 2011 annual base salaries of the Chief Executive Officer, the Chief Financial Officer and each of the three other most highly compensated executive officers whose compensation was disclosed in our proxy statement for our 2011 annual meeting.
Evan G. Greenberg, Chairman, President and Chief Executive Officer
2011 salary
$1,200,000
Philip V. Bancroft, Chief Financial Officer
2011 salary
$700,000
Robert Cusumano, General Counsel and Secretary
2011 salary
$560,000
Brian E. Dowd, Vice-Chairman, ACE Limited; Chief Executive Officer, Insurance-North American ¹
2011 salary
$650,000
John Keogh, Vice-Chairman and Chief Operating Officer – ACE Limited; Chairman, ACE Overseas General ²
2011 salary
$812,500
¹ Mr. Dowd received a salary adjustment effective July 1, 2011. Salary has been pro rated for the year.
² Mr. Keogh received a salary adjustment effective July 1, 2011. Salary has been pro rated for the year.
In addition to the above, these officers receive bonuses, perquisites and other personal benefits as described in our proxy statement for our 2011 annual meeting.
