Selective Insurance Group is buying an excess and surplus lines subsidiary of Montpelier Re U.S. Holdings to provide it access to a nationally licensed platform that will improve its efficiency.

Selective Insurance Group had a “solid performance” last year, showing growth over 2009 in part from investment income.

Four insurance companies based in New Jersey were fined $66,000 by Virginia regulators for failing to comply with several state laws.

The Maryland Insurance Administration fined a number of companies $10,000 late last year for failing to include required fraud disclosure statements in forms and applications issued last year, records show.

Noting heavy snow and rainfall in the Northeast and mid-Atlantic, Selective Insurance reported $24 million in catastrophic losses for the first quarter, but also saw gains of more than 100% in its net and operating income.

Robert DiGore and Tom Zugger were recently selected to lead Lawley Executive Benefits – Private Client Group, a new division of New York-based Lawley Benefits Group.

A Saylorsburg, Pa., pastor admitted to police that he attempted to make a false insurance claim of more than $363,000 by claiming musical instruments were stolen from his church.

Selective Insurance Group has decided to outsource its investment operations to third-party managers.

Selective Insurance Company of America, a subsidiary of Branchville, N.J.-based Selective Insurance Group, recently made several officer appointments, including four in New Jersey.

New commercial lines business, as well as increases in manufacturing and specialty insurance business, helped Selective Insurance Group’s second quarter earnings, even though it reported that net income dropping 45%, …  Read →