Selective Announces Planned Transition of Non-Executive Chairperson Gregory E. Murphy
December 09, 2021 at 09:15 pm
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Selective Insurance Group, Inc. announced that Gregory E. Murphy, the Company's Non-Executive Chairperson, will not stand for re-election at the 2022 Annual Meeting of Stockholders. Mr. Murphy, who joined Selective in 1980, served as Chairman and Chief Executive Officer from 2000 to 2020, before assuming the Executive Chairman role in February 2020. He became Non-Executive Chairperson in February 2021, and he has been a director since 1997. In connection with today's announcement, the Selective Board of Directors announced its intention to maintain the Lead Independent Director position and nominate John J. Marchioni, the Company's President and Chief Executive Officer and member of the Board, as Chairperson followning the 2022 Annual Meeting of Stockholders. Mr. Marchioni became President and Chief Executive Officer in February 2020. He was President and Chief Operating Officer from 2013 to 2020, and elected to Selective's Board of Directors in May 2019.
Selective Insurance Group, Inc. is a holding company, which owns ten property and casualty insurance subsidiaries that sell products and services only in the United States. The Company's segments include Standard Commercial Lines, Standard Personal Lines, E&S Lines and Investments. The Standard Commercial Lines segment includes property and casualty insurance products and services to commercial enterprises, typically businesses, non-profit organizations, and local government agencies. The Standard Personal Lines segment consists of property and casualty insurance products and services, including flood insurance coverage sold through the Write Your Own program of the National Flood Insurance Program. The E&S Lines segment consists of property and casualty insurance products and services to commercial customers unable to obtain coverage in the standard marketplace. The Investment segment invests insurance premiums and amounts generated through its capital management strategies.
SELECTIVE INSURANCE GROUP, INC. 
