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Selective Insurance Group

Selective sees income grow as premiums up 23%

30th April 2021

Selective Insurance has reported has reported income of $106.8 million for the first quarter of 2021, helped by strong growth in both net written premiums (NPW) and investment income. For Q1, overall NPW increased 23% from a year ago, reflecting solid retention and strong overall renewal price increases of 5.4%, as ... Read the full article

Selective says reinsurance costs outpacing primary rate increases

15th February 2021

Selective Insurance has reported that its reinsurance renewal prices at January 1 were in some cases higher than it expects to generate on the underlying insurance policies it sells. The company warns that the accelerating cost of reinsurance will likely impact its underwriting profitability over 2021, At the same time, it has ... Read the full article

Selective increases Q4 revenue by 10%

29th January 2021

Selective Insurance has reported total revenue of $798.4 million during the fourth quarter of 2020, representing a 10% increase on the same period in the previous year. Looking at the whole of 2020, Selective’s revenues were similarly up 3% to $2.92 billion. The company also recorded 8% growth in net premiums written ... Read the full article

Selective hits $70mn net income over Q3

17th November 2020

Selective Insurance saw its net income reach $69.9 million over the third quarter, up from the $56.2 million achieved in the prior year period. Year-to-date income is still lagging behind 2019 by 37%, however. The company has also seen its combined ratio improve 1.4 percentage points after a catastrophe-heavy Q2 2020 had ... Read the full article

Selective posts improved net income, combined ratio in Q3

30th October 2020

Selective Insurance saw its net income reach $69.9 million over the third quarter, up from the $56.2 million achieved in the prior year period. Year-to-date income lags behind 2019 by 37%, however. The company has also seen its combined ratio improve 1.4 percentage points after a catastrophe-heavy Q2 2020 dragged it down ... Read the full article

Selective posts 98.4% combined ratio despite elevated Q2 cat losses

30th July 2020

Selective Insurance has posted a 98.4% combined ratio for the second quarter despite experiencing elevated catastrophe losses of $83 million. The combined ratio in the prior year quarter was 93.1%. Cat losses for the quarter primarily consist of $43 million from two April storms and $20 million related to civil unrest claims. "In ... Read the full article

Selective Insurance announces record level of catastrophe losses for Q2

15th July 2020

Selective Insurance Group, Inc. has revealed preliminary Q2 2020 pre-tax net catastrophe losses of approximately $83 million, stemming from numerous events designated by PCS during the period. The catastrophe events designated by PCS includes two April storms at a cost of $43 million and claims related to civil unrest across the ... Read the full article

Selective overhauls leadership team

17th January 2020

Selective Insurance Group, a P&C insurer holding company, has announced the appointment of a dozen key leadership team members, including Shadi Albert as executive vice president, insurance strategy and business development. Albert joined Selective in 2013 and most recently served as senior vice president, regional manager for the firm’s southwest region. Prior ... Read the full article

Marchioni to become Selective CEO, as Murphy moves into Chairman role

31st October 2019

Selective Insurance Group, Inc. has announced that John Marchioni has been elected to take over as Chief Executive Officer (CEO) from February 1, 2020. Marchioni has served as Selective’s President and Chief Operating Officer (COO) since 2013, and was elected to the Board of Directors in May 2019. As CEO, he will ... Read the full article

Selective adds H. Elizabeth Mitchell to Board of Directors

14th March 2018

Selective Insurance Group has recently announced the appointment of H. Elizabeth Mitchell to its Board of Directors, effective March 9th, 2018. Mitchell is currently a director of StanCorp Financial Group and a member of the Board of Advisors of Hudson Structured Capital Management Ltd, and in 2016 retired from her position ... Read the full article

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