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Selective Insurance Group Inc (SIGI.OQ)

SIGI.OQ on NASDAQ Stock Exchange Global Select Market

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17 Oct 2018
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Summary

Name Age Since Current Position

Gregory Murphy

62 2013 Chairman of the Board, Chief Executive Officer

John Marchioni

48 2013 President, Chief Operating Officer

Mark Wilcox

50 2017 Chief Financial Officer, Executive Vice President

Michael Lanza

56 2012 Executive Vice President, Chief Compliance Officer, General Counsel

George Dufala

46 2018 Executive Vice President - Insurance Operations

J. Brian Thebault

66 2017 Lead Independent Director

William Rue

70 1977 Non-Independent Director

Paul Bauer

74 2017 Independent Director

John Burville

70 2006 Independent Director

Terrence Cavanaugh

65 2018 Independent Director

Robert Doherty

59 2015 Independent Director

Thomas McCarthy

61 2017 Independent Director

H. Elizabeth Mitchell

56 2018 Independent Director

Michael Morrissey

70 2008 Independent Director

Cynthia Nicholson

53 2009 Independent Director

Ronald O'Kelley

73 2005 Independent Director

John Scheid

62 2014 Independent Director

Philip Urban

65 2014 Independent Director

Biographies

Name Description

Gregory Murphy

Mr. Gregory E. Murphy is Chairman of the Board, Chief Executive Officer of Selective Insurance Group, Inc. He is the director most knowledgeable about our operations, having served as Chief Executive Officer for 17 years and having worked at Selective for 37 years. We consider his service on the Board extremely valuable to informed business and strategic decision-making. He has broad experience and knowledge in the areas of reinsurance, insurance pricing, and industry fundamentals. Mr. Murphy has extensive contacts in the insurance industry and serves as a director of several important industry groups. He served as our Chief Financial Officer prior to assuming other leadership positions, and is very knowledgeable on financial and investment matters.

John Marchioni

Mr. John J. Marchioni is President, Chief Operating Officer of the Company. Mr. Marchioni joined Selective in 1998 as a government affairs specialist. In 2000 he was promoted to assistant vice president in government affairs, and in 2003 to vice president, director of government affairs. He was appointed vice president and strategic business unit leader in 2004, and senior vice president, director of Personal Lines and Flood in 2005. Mr. Marchioni was promoted to executive vice president, chief field operations officer in October 2007. Before coming to Selective, he was vice president of government relations for the Commerce & Industry Association of New Jersey. Mr. Marchioni is a graduate of Princeton University and completed the Harvard Advanced Management Program. He also holds the Chartered Property Casualty Underwriters designation.

Mark Wilcox

Mr. Mark A. Wilcox is Chief Financial Officer, Executive Vice President of the Company. Mr. Wilcox currently serves as Senior Vice President, Corporate Controller and Chief Accounting Officer of RenaissanceRe Holdings Ltd., and is responsible for accounting policy, internal, external, and regulatory financial reporting, budgeting, global tax, global actuarial, and investor relations. Mr. Wilcox previously held senior financial positions at PriceWaterhouseCoopers LLP and Bank of America Corporation. He holds an MBA from Georgetown University, a BS from the University of South Florida, and a certificate from Oxford University’s Graduate Program in International Management.

Michael Lanza

Mr. Michael H. Lanza is Executive Vice President, Chief Compliance Officer, General Counsel of the company. He has also served as Senior Vice President and General Counsel, 2004 – 2007, Corporate advisor and legal consultant, 2003 – 2004, Executive Vice President and Corporate Secretary, QuadraMed Corporation, 2000 – 2003. He is a Member, Society of Corporate Secretaries and Corporate Governance Professionals, Member, National Investor Relations Institute. He earned his B.A. Degree from University of Connecticut and a J.D. Degree from University of Connecticut School of Law. He is a Member, National Investor Relations Institute.

George Dufala

Mr. George D. Dufala is Executive Vice President - Insurance Operations of the Company. He brings nearly 25 years of insurance industry experience to Selective. Most recently, he served as President, Property & Casualty Division at Kemper Corporation. Previously, he spent more than two decades at Erie Insurance Group, where he held roles of increasing seniority, ultimately as Executive Vice President. Mr. Dufala earned a bachelor's degree in Political Science and Economics from Thiel College in Pennsylvania, and holds the following credentials: Chartered Property Casualty Underwriter (CPCU), Associate in Customer Service (ACS), Associate in Claims (AIC), Associate in Insurance Services (AIS), Associate in Personal Insurance (API), and Certified Professional Insurance Agent (CPIA). Chip is a member of the Board of Directors for the Insurance Institute for Highway Safety and The Institutes.

J. Brian Thebault

Mr. J. Brian Thebault is Lead Independent Director of the Company. For most of his career, Mr. Thebault has run closely-held businesses, which is the ownership structure of many of our commercial customers. Through his career in the printing industry, he has a strong background in sales, marketing, finance matters, and business strategy.

William Rue

Mr. William M. Rue is Non-Independent Director of Selective Insurance Group, Inc. Mr. Rue has been one of our independent agents for 49 years and was the chief executive of his agency for 31 years. Because we principally distribute our products through independent agents, we believe it is extremely valuable for informed business and strategic decision-making for the Board to have input from, and understand the views of, an independent agent who has strong knowledge of our operations and the competitive landscape.

Paul Bauer

Mr. Paul D. Bauer is Independent Director of Selective Insurance Group, Inc. Mr. Bauer is the former chief financial officer of a publicly-traded company and served as the Chairman of Selective’s Audit Committee for eight years. Mr. Bauer is very active in the Buffalo community and knowledgeable of Upstate New York, which is an important market for Selective.

John Burville

Mr. John C. Burville is Independent Director of Selective Insurance Group, Inc. Mr. Burville has extensive insurance industry knowledge and served as chief actuary of one of the world’s largest property and casualty insurance companies. He is extremely knowledgeable about reserving and actuarial techniques to calculate ultimate reserve levels. Board members look to Mr. Burville for guidance on actuarial subject matters and his general knowledge of the insurance industry.

Terrence Cavanaugh

Mr. Terrence W. Cavanaugh is Independent Director of the Company. He served as President and Chief Executive Officer of Erie Indemnity Company from July 2008 until his retirement at the end of 2016. Under his leadership, Erie significantly grew property and casualty direct written premium percent and increased policyholder surplus, delivering growth and profitability, while enhancing the company’s relationship with independent agents. Mr. Cavanaugh began his career with the Chubb Group of Insurance Companies in 1975. Until his departure for Erie in 2008, he held a series of roles with increasing responsibilities, including corporate Chief Marketing Officer and Chief Operating Officer of Chubb Surety & Trade Credit. Mr. Cavanaugh is the founding partner of Accretive Consulting LLC, an executive coaching firm. He also is a board member of Highmark Health, a national health and wellness company with consolidated 2017 revenues of approximately $18.3 billion.

Robert Doherty

Mr. Robert Kelly Doherty is Independent Director of Selective Insurance Group, Inc. Mr. Doherty is Managing Partner and Founder, Caymen Advisors and Caymen Partners, since 1999.He was Vice Chairman, Bankers Trust Company and Bankers Trust New York Corporation, 1997 to 1998; various positions in global trading and investment operations, 1982 to 1997. Mr. Doherty has a wealth of investment experience in both public and private companies. He plays a key advisory role in contributing to Selective’s investment strategies, particularly in the private equity sector. Mr. Doherty also has significant senior management experience with a large financial services company and is familiar with the issues Selective’s senior management faces.

Thomas McCarthy

Mr. Thomas A. McCarthy is Independent Director of the Company. Mr. McCarthy retired from Cigna in 2017 after more than 30 years with the company. While at Cigna, he was responsible for the company’s strategy and corporate development functions, which included mergers and acquisitions and corporate risk management. Mr. McCarthy was also treasurer and had responsibility for corporate finance, capital management, and treasury operations. Mr. McCarthy’s experience and knowledge will help management fully implement its growth strategy. The Lead Independent Director identified Mr. McCarthy as a potential director after being contacted by a third-party executive search firm.

H. Elizabeth Mitchell

Ms. H. Elizabeth Mitchell is Independent Director of the Company. Ms. Mitchell is a well-respected insurance industry executive with a proven record of accomplishment leading an organization with sustained profitability. In addition to extensive experience in the property and casualty insurance and reinsurance industries, Ms. Mitchell is very knowledgeable about risk, actuarial, merger and acquisitions, and operational reorganization matters. We expect Ms. Mitchell to contribute her expertise to help us formulate our strategy, risk assessment, and growth plans. The Chairman of the Corporate Governance and Nominating Committee identified Ms. Mitchell, who he has known professionally for over 10 years, as a potential director after learning she had retired from Renaissance Reinsurance U.S. Inc. from Mr. Wilcox, our Executive Vice President and Chief Financial Officer.

Michael Morrissey

Mr. Michael J. Morrissey is Independent Director Selective Insurance Group, Inc. Mr. Morrissey has 45 years of insurance industry experience. He is the head of an international insurance research organization, previously managed an investment firm specializing in insurance companies, and was president and chief investment officer of an insurance company. Mr. Morrissey is very knowledgeable about the insurance industry, the investment community, investor relations, and the analysis of strategic transactions.

Cynthia Nicholson

Ms. Cynthia S. Nicholson is Independent Director of Selective Insurance Group, Inc. Ms. Nicholson is a marketing expert with 29 years of experience in various industries. She served as chief marketing officer at both Equinox Holdings, Inc. and Pepsi-Cola North America. Ms. Nicholson has extensive experience with brand building, advertising, media buying, promotions, digital and social media, and direct marketing. We believe her marketing expertise is invaluable as we explore branding and marketing efforts to differentiate ourselves with distribution partners and address competitive issues in the property and casualty insurance industry.

Ronald O'Kelley

Mr. Ronald L. O'Kelley is Independent Director of Selective Insurance Group, Inc. Mr. O’Kelley is the former chief financial officer of a large multi-national financial services organization. He has extensive experience in corporate restructurings for both manufacturing organizations and financial institutions. Mr. O’Kelley has a demonstrated track record of implementing corporate strategy through mergers and acquisitions, divestitures, and debt and equity fund raisings. He has significant experience as a director of other public companies.

John Scheid

Mr. John S. Scheid is Independent Director of Selective Insurance Group, Inc. Mr. Scheid retired after 36 years at PricewaterhouseCoopers LLP, most recently serving as a senior partner, primarily in the insurance and asset management industries. He has extensive experience in financial management, public company governance, and corporate transactions. Mr. Scheid’s financial experience and keen sense of industry trends are extremely valuable to Selective in the constantly changing cycle of the property and casualty insurance industry.

Philip Urban

Mr. Philip H. Urban is Independent Director of Selective Insurance Group, Inc. Mr. Urban has a wealth of property and casualty insurance experience, both as a senior executive and as a board member. He has first-hand knowledge of the independent agent distribution channel, geographic market expansion, and insurance products and technology, which he uses to contribute to Selective’s strategic direction.

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