Selective Insurance Appoints Vaibhav Kalia as Chief Investment Officer

In this role, Kalia oversees Selective’s investment portfolio and investment matters related to its employee benefit plans. He also chairs the Management Investment Committee and leads the company’s investment strategy, balancing risk and expected returns.

Kalia joined Selective in 2014 and has held several senior roles, most recently serving as Senior Vice President, Senior Portfolio Manager and Head of Fixed Income.

Before joining Selective, he was Vice President of Risk and Quantitative Analysis at BlackRock Financial Management and worked in the Structured Products division at HSBC Bank.

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Kalia holds a Master of Science in Financial Engineering from Columbia University, an MBA 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 also a certified Financial Risk Manager (FRM).

"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."

About Selective Insurance Group

Selective Insurance Group, Inc. is the parent company of 10 property and casualty insurance companies, all rated “A+” (Superior) by AM Best. Through independent agents, the companies provide standard insurance for commercial and personal customers, along with specialty coverage for commercial risks. Selective also provides flood insurance through the National Flood Insurance Program’s Write Your Own Program.

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