Selective News

Weekly Q4 2023 Earnings Wrap: The Hartford, The Hanover, Markel, and Selective

The Hartford said fourth quarter net income available to common stockholders increased 30% to $766 million. The insurer ended the year with net income up 38% to about $2.5 billion. Commercial lines record fourth quarter 2023 net income of $687 …

Selective Insurance Announces Officer Appointments

Selective Insurance Group announced 10 officer appointments by its subsidiary, Selective Insurance Company of America: Kimberly Burnett (Sparta, N.J.) to executive vice president, chief human resources officer. Burnett joined Selective in 1989 and has served in a variety of HR …

Selective to Acquire Montpelier Re E&S Unit for $55M

Selective Insurance Group is acquiring Montpelier U.S. Insurance Company (acronym MUSIC), an excess-and-surplus lines unit from Montpelier Re U.S. Holdings Ltd., for $55 million. Selective said the deal would be completed before the end of the year, pending customary closing …