Selective Insurance Names Vaibhav Kalia Chief Investment Officer

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SHORT HILLS, N.J.--(BUSINESS WIRE)-- Selective Insurance Group, Inc. (Nasdaq: SIGI) today announced the appointment of Vaibhav (Vaib) Kalia as Executive Vice President and Chief Investment Officer, effective immediately. Mr. Kalia has served as Interim Chief Investment Officer since June 2026.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20261006200608/en/

SELECTIVE INSURANCE NAMES VAIBHAV (VAIB) KALIA CHIEF INVESTMENT OFFICER

In this role, Mr. Kalia oversees Selective's investment portfolio and investment-related matters of the organization's employee benefit plans. He chairs the Management Investment Committee and is responsible for setting and executing the company's investment strategy, balancing risk against projected return.

"Vaib has led our investment function with discipline and clear judgment during the interim period, and has earned this role," said John J. Marchioni, Chairman, President and Chief Executive Officer. "His deep expertise in fixed income and risk management, together with more than a decade of experience with our portfolio, has contributed to the strong, risk-adjusted returns that support our insurance operations and create value for our shareholders, making him exceptionally qualified for this position."

Mr. Kalia joined Selective in 2014 and advanced through roles of increasing responsibility, most recently as Senior Vice President, Senior Portfolio Manager and Head of Fixed Income. Before joining Selective, he was Vice President, Risk and Quantitative Analysis at BlackRock Financial Management and earlier worked in HSBC Bank's Structured Products division.

Mr. Kalia holds a Master of Science in Financial Engineering from Columbia University, a Master of Business Administration in Finance from the Indian Institute of Management, Calcutta, and a Bachelor of Technology in Electrical Engineering from the Indian Institute of Technology, Delhi. He is a certified Financial Risk Manager (FRM) through the Global Association of Risk Professionals.

About Selective Insurance Group, Inc.
Selective Insurance Group, Inc. (Nasdaq: SIGI) is a holding company for 10 property and casualty insurance companies rated “A+” (Superior) by AM Best. Through independent agents, the insurance companies offer standard insurance for commercial and personal risks and specialty insurance for commercial risks. Selective also offers flood insurance through the National Flood Insurance Program’s Write Your Own Program. Selective’s unique position as both a leading insurance group and employer of choice is widely recognized, with awards and honors including listing in Forbes Best Midsize Employers and certification for seven consecutive years as a Great Place to Work®.