Selective Insurance Group

Selective targets E&S growth as it looks to broaden sector distribution

Selective Insurance Group is looking to build upon the recent success of its growing E&S portfolio by expanding distribution, CEO John Marchioni has declared.

Selective eyes further E&S growth after 20% NPW rise in Q2

Selective remains well positioned to take advantage of continued improvements in the E&S market, with the company seeing “strong opportunities” to add to the 20 percent net premium written (NPW) growth in the segment during Q2 2023.

Cats costing $100mn send Selective Q2 CR north of 100%

Selective Insurance Group has told investors its Q2 2023 results will include some $100mn of pre-tax net catastrophe losses, with exposure to those events pushing its combined ratio for the period up to 100.2 percent.

WRB’s Rob Berkley questions regulatory system’s ability to keep up with change

The CEOs of WR Berkley, Selective and USAA at S&P Global Ratings’ Insurance Conference have expressed reservations over the regulatory system’s ability to keep up with the pace of change and allow carriers to make adequate returns on capital, although they also expressed optimism regarding progress in California in recent weeks.

Good times continue to roll for E&S operations in Q4

Selective shares rise after Q4 results, reveals higher cat cover excess and limit

Selective Insurance Group’s share price closed up 6.5 percent on Friday afternoon as investors responded positively to the carrier’s Q4 2022 results, while CFO Mark Wilcox on an analyst call revealed the carrier raised the attachment point and increased the limit on its main property catastrophe reinsurance program at 1 January.

Selective Q4 operating income dips to $89mn while NPW grows 14%

Selective’s Q4 2022 operating income fell $6.0mn year on year to $88.9mn while its net premiums written (NPW) increased 14 percent to $849.7mn as the company also confirmed its previously forecast combined ratio of 94.7 percent.

Selective operating income falls in Q3 earnings miss

Selective Insurance Group’s operating income fell 15 percent to $60.5mn while its combined ratio improved 1.8 points to 96.8 percent in Q3 2022 earnings that fell short of analysts’ consensus.

Selective operating income falls in Q3 earnings miss

Selective Insurance Group’s operating income fell 15 percent to $60.5mn while its combined ratio improved 1.8 points to 96.8 percent in Q3 2022 earnings that fell short of analysts’ consensus.

Argo sells contract binding P&C renewal rights to Selective’s E&S unit

Argo Group International Holdings has continued the refocus of its business with a deal to sell the renewal rights of its contract binding P&C business to Mesa Underwriters Specialty Insurance Company (Music), the E&S subsidiary of Selective Insurance Group.

Reserve releases and lower cats push Selective to record Q4 EPS

Reserve releases and lower catastrophe costs combined to help Selective Insurance Group report record operating income for the fourth quarter of 2019, comfortably surpassing analysts’ expectations in the process.