BRANCHVILLE, N.J., Dec. 13, 2017 /PRNewswire/ -- Selective Insurance
Group, Inc. (NASDAQ: SIGI) announced today that Thomas A. McCarthy has been elected to its Board
of Directors, effective as of January 1,
2018. Mr. McCarthy, Cigna Corporation's former
executive vice president and chief financial officer, is an
independent director.
Mr. McCarthy, who is 61, retired from Cigna in June 2017 after more than 30 years with the
company. As chief financial officer from 2013 to 2017, Tom
was responsible for all of Cigna's financial operations, investment
management, and strategic planning during a period of increasing
economic and regulatory complexity. Prior to his promotion to
chief financial officer, he served as vice president of finance and
treasury, tax, strategy, corporate development, and run-off
insurance. Mr. McCarthy also was a financial executive with
Kemper Corporation and USAA previously in his career.
"We are delighted to have Tom join Selective's Board. He has a
wealth of insurance, corporate strategy, and finance experience in
a Fortune 100 company," said Lead Independent Director J. Brian Thebault.
Chairman and CEO Gregory E.
Murphy stated, "As we continue to outperform the industry,
Tom will play a key role in contributing to Selective's overall
corporate strategies. In particular, we think his deep
knowledge of customer experience, agents, investments, and capital
management will be an immediate and significant asset to
Selective's Board."
A resident of Pennsylvania, Mr.
McCarthy holds a B.S. from the University of
Pennsylvania and an M.B.A. from Carnegie Mellon
University.
Selective Insurance Group, Inc. is a holding company for ten
property and casualty insurance companies rated "A" (Excellent) by
A.M. Best. 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. Selective maintains a website at
www.Selective.com.
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SOURCE Selective Insurance Group, Inc.