Selective Insurance Appoints Patrick S. Brennan as CFO

By Bobby Samwell • Tuesday, September 24 07:58 • Permanent Link

Selective Insurance Group, Inc. (NASDAQ: SIGI) has recently appointed Patrick S. Brennan as its Chief Financial Officer, effective October 1, 2024. Mr. Brennan joins Selective with nearly two decades of insurance industry and public company executive experience, having most recently served as the Treasurer of The Progressive Corporation.

John J. Marchioni, Selective’s Chairman, President, and CEO, expressed his excitement about Mr. Brennan's appointment, highlighting his significant experience in the insurance space and deep background in corporate finance. Mr. Marchioni also emphasized that Mr. Brennan is ideally suited to oversee the execution of the financial priorities that support Selective’s long-term strategic objectives.

Following Mr. Brennan’s appointment as CFO, Tony Harnett will continue as Selective’s Senior Vice President and Chief Accounting Officer, with Mr. Marchioni expressing gratitude for Mr. Harnett's interim service as CFO and his continued leadership.

Prior to joining Selective Insurance, Patrick Brennan spent 18 years at The Progressive Corporation, serving as Treasurer for the last eight years. His previous roles at Progressive included serving as the Commercial Lines Product Manager and Senior Manager of Investor Relations. Before his tenure at Progressive, Mr. Brennan worked at IBM Corporation in various roles within its treasury department.

Selective Insurance Group, Inc. 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 and specialty insurance for commercial and personal risks, as well as flood insurance through the National Flood Insurance Program's Write Your Own program. Selective has been recognized for its unique position as both a leading insurance group and an employer of choice, with accolades such as listing in Forbes' Best Midsize Employers in 2024 and certification as a Great Place to Work® in 2024 for the fifth consecutive year. Following these announcements, the company's shares moved 1.4%, and are now trading at a price of $91.46. Check out the company's full 8-K submission here.

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