Selective Insurance Group News

Selective Insurance Group Q4 Profit Jumps to $25M

Selective Insurance Group, based in Branchville, N.J., posted $25.3 million in net income for its 2013 fourth quarter, up from $1.3 million net income posted during the 2012 fourth quarter which included impacts of Superstorm Sandy. For the full year …

Selective Insurance Announces Officer Appointments in N.J., Penn.

Selective Insurance Group in Branchville, N.J., announced the following appointments by its subsidiary, Selective Insurance Company of America. Jeffrey Beck to senior vice president, government and regulatory affairs. He is based in Lafayette Hill, Penn. Beck joined Selective in 2007 …

Selective Insurance Q2 Profit Advances to $27M

Selective Insurance Group Inc. reported $27.1 million net income for its 2013 second quarter, improving from $0.3 million net income during the same period a year ago. The Branchville, N.J.-based insurer said it achieved a 7.2 percent renewal pure price …

Selective Insurance Q2 Profit Advances to $27M

Selective Insurance Group Inc. reported $27.1 million net income for its 2013 second quarter, improving from $0.3 million net income during the same period a year ago. The Branchville, N.J.-based insurer said it achieved a 7.2 percent renewal pure price …

Selective Insurance Q1 Profit Up 18% to $21.3M

Branchville, N.J.-based Selective Insurance Group said its 2013 first quarter net income came in at $21.3 million, a 17.7 percent increase from $18.1 million reported during the first quarter of 2012. Total net premiums written for the first quarter were …

Selective Insurance Announces Officer Appointments in N.J., Conn.

Branchville, N.J.-based Selective Insurance Group Inc. announced the following appointments by its subsidiary, Selective Insurance Company of America. Brian Sarisky (Sparta, N.J.) to senior vice president, chief underwriting officer, commercial lines. Prior to that, he served as senior vice president, …

Selective Reports 2012 Q4 Profit of $1.3M; Sandy Losses at $30.3M

Branchville, N.J.-based Selective Insurance Group posted 2012 fourth quarter net income of $1.3 million, down more than 92 percent compared to the 2011 fourth quarter when the insurer reported $18.0 million profit. The 2012 fourth-quarter catastrophe losses were $33.8 million, …

AIG Estimates $1.3B Net Losses From Superstorm Sandy

American International Group Inc. announced that its preliminary estimate of the company’s after-tax losses related to Superstorm Sandy — net of reinsurance — will total approximately $1.3 billion.The estimate reflects a pre-tax loss estimate, net of reinsurance, totaling some $2.0 …

Selective Insurance: $100-$120M Preliminary Pre-Tax Gross Loss for Sandy

Branchville, N.J.-based Selective Insurance Group today said a preliminary pre-tax gross Hurricane Sandy loss would be between $100 to $120 million and a pre-tax net loss of around $52 million, including reinstatement premiums and reinsurance recoveries. About two-thirds of the …

N.J.-Based Selective Insurance Announces 8 Officer Promotions

Branchville, N.J.-headquartered Selective Insurance Group this week announced the following promotions by its subsidiary, Selective Insurance Company of America: Bruce Monahan (Newton, N.J.), to senior vice president, chief audit executive. Monahan joined Selective in November 2007 as vice president of …