Selective Insurance adds Wole Coaxum back to its board

Selective Insurance Group (Nasdaq: SIGI) has appointed Wole Coaxum to its Board of Directors, expanding the board to 13 directors, 12 of whom are independent, according to a company press release.

Coaxum previously served as an independent director for Selective from 2020 to 2025. He has been appointed to the board's Audit Committee and Compensation and Human Capital Committee.

Coaxum is the founder and chief executive of On Our Block, a New York-based firm that provides strategic advisory services and capital-raising support for owner-operated businesses. He previously founded Mobility Capital Finance, Inc. (MoCaFi), a digital banking platform he led from 2015 until it wound down in 2026.

Earlier in his career, Coaxum spent a decade at Citigroup, followed by five years in senior executive roles at Willis Group Holdings in the U.S. and Canada. He later joined JPMorganChase in 2007 as a Managing Director, where he oversaw commercial credit card sales and relationship management.

"Wole has a unique set of skills that will enhance our collective Board capabilities," said John J. Marchioni, Chairman, President and Chief Executive Officer of Selective. "He brings extensive expertise in financial services and FinTech, along with an entrepreneurial leadership background and a strong commitment to increasing economic access."

Coaxum holds a Bachelor of Arts in history from Williams College and a Master of Business Administration in finance from New York University's Stern School of Business.

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