Selective Insurance CFO Wilcox Resigns; Harnett Named Interim

Selective Insurance Group said its chief financial officer, Mark Wilcox, has resigned to hold the same position elsewhere.

Wilcox, also executive vice president, will leave Nov. 3. He will continue in the CFO role until Selective reports third quarter earnings, the company said.

Anthony (Tony) Harnett was appointed interim CFO, in addition to his current position as chief accounting officer, until a permanent CFO is found.

Branchville, New Jersey-based Selective Insurance Group, a holding company for 10 property and casualty insurance companies, hired Wilcox as EVP and CFO from RenaissanceRe Holdings Ltd in late 2016 to succeed Dale Thatcher, who retired after 16 years as the CFO.

“Mark has been my trusted partner and an excellent leader of our Finance team for nearly seven years,” said John Marchioni, Selective’s chairman, president and CEO, in a statement. “Throughout his time with Selective, we have continued to deliver consecutive double-digit non-GAAP operating returns on equity. We are pleased that he will assist us in a seamless transition and wish him well in his future endeavors.”