Selective Insurance Group expanded its board to 12 directors on November 3 2025, adding Julie Parsons as an independent director. Parsons brings more than 30 years of experience in the insurance industry, most recently serving as Executive Vice President and Chief Operating Officer for Property and Liability Insurance at Allstate.
Parsons will serve on the board’s Risk Committee and Compensation and Human Capital Committee. Her background in product development, digital transformation, and large‑scale operations is expected to strengthen the board’s oversight of strategy, risk management, and operational efficiency.
The appointment follows a period of rising loss trends in the company’s commercial auto segment, which management has identified as a key headwind. Parsons’ expertise in loss mitigation and pricing strategy is intended to help the company address these challenges and support future growth.
Selective Insurance Group reported a Q3 2025 combined ratio of 98.2%, an improvement from 103.0% in the full year 2024, and posted revenue of $1.2 billion, up 8% year over year. The company’s CFO, Patrick S. Brennan, recently purchased 2,700 shares, signaling confidence in the company’s prospects.
The board now consists of 12 directors, 11 of whom are independent, reinforcing the company’s commitment to robust governance and aligning with best practices for board composition.
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