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 prior to Thatcher’s retirement and that it has initiated an internal and external search for candidates.
Thatcher joined Selective in 2000 as CFO and since has been responsible for Finance, Treasury, Enterprise Risk Management, Investor Relations and Communications, Internal Audit, Investment Operations, Reinsurance, and Tax.
Selective’s Chairman and CEO Gregory E. Murphy stated, “Dale has been a great partner, and he and his team have done an excellent job managing Selective’s financial activities during a historic period of growth in net premiums written, total assets and market capitalization.”
Thatcher also oversaw the creation of Selective’s enterprise risk management, reinsurance and investor relations programs, and provided leadership in Selective’s capital and debt transactions and several corporate acquisitions and divestitures, Murphy stated.
Selective is a holding company for 10 property/casualty insurance companies. Through independent agents, the insurance companies offer standard and specialty insurance for commercial and personal risks, and flood insurance underwritten by the National Flood Insurance Program.