Selective Insurance Group News

AM Best Upgrades Credit Ratings of Selective Insurance Group, Subsidiaries

AM Best has upgraded the financial strength rating (FSR) to A+ (superior) from A (excellent) and the long-term issuer credit ratings (long-term ICR) to “aa-” (superior) from “a+” (excellent) of the pooled members of Selective Insurance Group. Additionally, AM Best …

Selective Insurance Appoints Bennett, Floro to Leadership Team in New Jersey

Selective Insurance has appointed two new members to its leadership team. Cyndi Bennett took the helm as the company’s new executive vice president and chief human resources officer (CHRO), and Giunero Floro has joined Selective as senior vice president and …

New Jersey’s Selective Insurance Company Makes Several Officer Appointments

Selective Insurance Company of America, a Branchville, N.J.-headquartered subsidiary of Selective Insurance Group Inc., has announced several officer appointments. Charles Musilli has been appointed to executive vice president and chief human resources officer. Musilli first joined Selective in 1981 as …

Selective Insurance Reports $37M Q1 Net Income

Selective Insurance Group in Branchville, New Jersey, posted $37.0 million net income for the 2016 first quarter, down 7 percent from $39.7 million net income in the first quarter of 2015. Selective’s net income was lower than a year ago …

Selective CFO Thatcher to Retire in September

Selective Insurance Group Inc. in Branchville, New Jersey, announced that Dale A. Thatcher, executive vice president, chief financial officer and treasurer, will retire from the company effective Sept. 1, 2016. Selective said the company expects a successor to be named …

Selective Insurance Announces Officer Appointments in New Jersey

Selective Insurance Group Inc. in Branchville, New Jersey, announced the following appointments by its subsidiary, Selective Insurance Company of America. Angelique Carbo to executive vice president, chief human resources officer-designee. Carbo joined Selective in November 2015. She will assume the …

Selective Insurance Announces Officer Appointments in New Jersey

Selective Insurance Group Inc. in Branchville, New Jersey, announced the following appointments by its subsidiary, Selective Insurance Company of America. Jamie Beal to assistant vice president, director of Communications. Beal joined Selective in September 2015. Prior to that, she served …

Selective Insurance Group Reports $47M Q3 Net Income

Selective Insurance Group in Branchville, New Jersey, reported $47.0 million net income for its 2015 third quarter, down 12 percent from $53.2 million net income reported a year earlier. The third-quarter operating income, which excludes realized gains and losses on …

Selective Insurance Group’s Q4 Profit Jumps 63% to $41M

Selective Insurance Group in Branchville, New Jersey, reported $41.35 million net income for the 2014 fourth quarter, a 63 percent increase from $25.34 million net income during the 2013 fourth quarter. The GAAP combined ratio for the fourth quarter was …

Selective Insurance’s Q3 Profit Rises 63% to $53M

Selective Insurance Group reported $53.2 million net income for its 2014 third quarter, a 62.7 percent increase from $32.7 million net income during the third quarter of 2013. The Branchville, New Jersey-based insurer’s operating income for the third quarter was …