Here are Bermuda's $100 million dollar men. Eighteen of the highest ranking officers within the Island's insurance and reinsurance market who received salaries, bonuses, perks and other compensation in 2006 collectively worth a staggering $108m.

Top of the tree is Ace president and CEO Evan Greenberg whose total package was $14m. Two other Bermuda CEOs cleared $10m for their year's work and none of the 18 featured in The Royal Gazette survey made less than $1.5m.

By contrast the median gross earnings in Bermuda the mid-point figure when everyone's earnings are lined up — was $48,183 in 2005, according to Government's most recent Labour Market Indicator report.

It would take 290 years for someone receiving Bermuda's median earnings figure to match Mr. Greenberg's 2006 compensation package.

If these executive officers received all their compensation in single dollar bills the resulting stack of money would, for all but three of them, be taller than New York's Empire State Building.

The thickness of a single US dollar bill is 0.0109 cm. Mr. Greenberg's $14m piled up in single bills would reach 1,529 metres, or four times the height of the Empire State Building.

By comparison the Bermuda median earnings of $48,183 is equivalent to a stack of dollar bills 5.2 metres tall.

Most of the CEOs have all their tax bills and country club fees taken care through their pay and compensation contracts, have access to corporate private jets and enjoy sizeable housing allowances. A large portion of their earnings is made up of stock options.

In yesterday's>Royal Gazette we reported that 24 key Bermuda reinsurance market companies had generated a combined profit of $3.3 billion in the opening three months of this year.

Here is a rundown of the salaries and compensation packages of the head men at 18 of the Island's biggest insurance and reinsurance companies.

$14,002,432

1 Evan Greenberg, president and CEO of Ace, was awarded salary and other compensation totalling $14,002,432. His salary was $1m, he got a bonus of $3.6m. Other perks include housing allowance of $264,000, private jet usage of $279,280 and $434,651 retirement plan contribution.

In 2006 Ace made a profit of $2.3 billion and has reported a 2007 first quarter profit of $701m.

$10,875,051

2 John Charman, president and CEO of Axis Capital, picked up a compensation package of $10,875,051. His salary was $1,250,000 and he also received a bonus of $1,989,700.His personal travel between Bermuda, the US and the UK was paid for by the company. Among his other perks was $118,000 for club membership fees and payment for financial and tax planning services, housing allowance of $180,000 and UK medical cover for himself and his children.

Axis Capital made a profit of $963m in 2006 and has reported a profit of $236.8m for the first quarter of 2007.

$10,084,820

3 Constantine Iordanou, president and CEO of Arch Capital, collected $10,084,820 in compensation, of which $1m was salary and $3.5m was bonus. Mr. Iordanou's perks include a $143,004 Bermuda housing allowance, $80,113 to cover private jet costs for commuting to company offices, and over $90,000 to cover personal tax liabilities, club membership and commuting and family travel expenses.

Arch Capital made a profit of $713m in 2006 and has reported a profit of $198.6m for the first quarter of 2007.

$9,539,704

4 Steven Fass, former president and CEO of White Mountains, received a total of $9,539,704. His base salary was $400,000 and he got a bonus of $200,000. The largest portion of his compensation was $7.3m of stock awards.His perks include use of the corporate aircraft and a Bermuda housing allowance of $144,000.

White Mountains made a profit of $673m in 2006 and has reported a profit of $92.2m for the first quarter of 2007.

$8,850,751

Brian O'Hara, president and CEO of XL Capital, collected $8,850,751 in salary and other compensation. His base salary was $1m and he received a bonus of $4.75m.His perks include a housing allowance of $96,000 and $134,955 to cover private jet aircraft use. Mr. O'Hara also received $43,513 of tax reimbursement from the company.

In 2006 XL made a profit of $1.722 billion and has reported a profit of $549.7m for the first quarter of 2007.

8,817,386

6 Joseph Taranto, chairman and CEO of Everest Re, was awarded $8,817,386. His salary was $1m and he received a non-equity incentive plan compensation sum of $2.5m.Mr Taranto got $95,838 of perks, including $1,038 of life insurance premiums and $30,000 to his employee savings plan.

In 2006 Everest made a profit of $840m and in the first quarter of 2007 has reported profits of $297.6m.

$7,961,288

7 Patrick Thiele, President and CEO of PartnerRe, collected salary and other compensation worth $7,961,288. His salary was $956,222 and he received a non-equity incentive plan pay-out of $2,245,950.Perks within his total package included a $198,000 housing allowance, $10,000 of executive health benefit, payroll tax reimbursement and social insurance allowance totalling $12,398, and $6,783 of life insurance premiums.

PartnerRe made a profit of $749.3m in 2006 and has reported a 2007 first quarter profit of $169.3m.

$7,671,699

8 Dominic Frederico, President and CEO of Assured Guaranty, received a total package worth $7,691,699. His base salary was $700,000 and he received a bonus of $2.5m.His perks include a $240,000 Bermuda housing allowance and $20,000 car allowance on the Island, club fees of $8,000 and business-related travel expenses for his spouse of $4,282.

In 2006 Assured Guaranty made a profit of $159.7m and in the opening quarter of 2007 recorded a profit of $39m.

$5,928,570

9 Neill Currie, CEO of Renaissance Re, picked up total compensation totalling $5,928,570. His straight salary was $737,500 and he was also awarded a bonus of $1,755,000.Amongst his perks is a personal travel payment of $636,710 for him and his immediate family, of which $490,836 was to cover commuting costs to his office in Bermuda and a housing allowance in Bermuda of $282,750.

Renaissance Re recorded a profit of $761.6m in 2006 and has a reported 2007 first quarter profit of $190.8m.

$5,165,767

10 Paul Giordano, President and CEO of SCA (Security Capital Assurance) received $5,165767. His salary was $570,833 and he also collected a bonus of $1.56m and a non-equity incentive plan payment of $806,250.Mr. Giordano's perks included housing allowance of $270,260 and financial counselling services worth $7,310.

SCA made a profit of $117.4m in 2006 and has reported a first quarter 2007 profit of $37.3m.

$4,349,085

11 Mark Byrne, executive chairman of Flagstone Re, was awarded a total of $4,349,085 in salary and compensation. His base salary was $454,167 and he also received a bonus of $550,000.His perks include $60,391 of other payments including a mortgage subsidy that effectively lowers the financing cost on his Bermuda residence to three percent.

$4,192,248

12 Robert Cooney, retired chairman and CEO of Max Re (now Max Capital), collected a total compensation package of $4,192,248. He resigned from the company as of October 29 last year. His base salary up to that date was $583,333 and he got share awards of $2.1m.His perks included a $300,000 housing allowance, $18,000 car allowance, $15,000 for club fees and a severance payment of $849,994.

Max Capital made a 2006 profit of $216.9m and has made a profit in the first quarter of 2007 of $80.

$3,893,840

13 Michael Price, president and CEO of Platinum Re, was awarded a total of $3,893,840. His base salary was $750,000, and he also received $1.5m from an non-equity incentive plan.His perks include a $480,000 housing allowance, $20,215 personal travel expenses, a car allowance of $8,400 and $395 to cover credit card fees.

In 2006 Platinum Re made a profit of $330m and during the first quarter of 2007 has reported a $72.8m profit.

$3,846,884

14 Anthony Taylor, president and CEO of Montpelier Re, was awarded a total of $3,846,884. This included a base salary of $900,260 and a bonus of $450,000.Mr. Taylor's other perks featured $107,000 for personal travel to and from Bermuda on home leave and $13,282 to cover car expenses and taxi fares for commuting to work, but he does not get a housing allowance.

In 2006 Montpelier Re made a profit of $303m and over the first quarter of 2007 has reported a $73.3m profit.

$3,534,858

15 Scott Carmilani, president and CEO of Allied World Assurance Company, was awarded $3,534,858. His base salary was $550,000 and he received $900,000 in non-equity incentive plan payment.His perks include $192,000 of housing allowance and cost of living allowance of $62,088.

In 2006 AWAC made a profit of $442.8m and during the first quarter of 2007 has reported a profit of $113.9m.

$3,348,773

16 James Bryce, president and CEO of IPC Holdings, was awarded $3,348,773. His base salary was $720,000, and he collected a bonus of $900,000.His perks include a housing allowance of $93,875 and a "cost of living" allowance of $63,312, home leave allowance of $6,979 and club fees of $4,750.

In 2006 IPC Re made a $394m profit and in the opening quarter of 2007 has reported a profit of $77.2m.

$2,721,532

17 Kenneth LeStrange, president and CEO of Endurance Specialty, was awarded a total of $2,721,532. He received a salary of $900,000 and $1,350,000 through a non-equity incentive plan.His perks included a housing and transportation payment of $83,017 and tax reimbursement of $136,936.

In 2006 Endurance Specialty made a profit of $498.1m and has recorded a first quarter 2007 profit of $101.8m

$1,508,468

18 Vernon Endo, president and CEO of RamRe, got salary and other compensation totalling $1,508,468. His salary was $383,646, and he was also rewarded a non-equity incentive plan payment of $466,875.His perks include a cost of living allowance of $216,000, health insurance payments of $21,700 and annual travel allowance for home leave to the US.

Ram Re made a profit in 2006 of $41.1m and in the first quarter of 2007 has made a $14.3m profit.