This excerpt taken from the MRH DEF 14A filed Apr 2, 2008.
We offer annual
cash bonus opportunities, primarily to reward calendar year performance. We believe that such bonuses are both common
and appropriate for short-tail, property-oriented reinsurers and are an
important tool for influencing executive and staff behavior in individual
circumstances or in circumstances in which long-term incentives have not had
sufficient time to accumulate or have been impaired.