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Selective Insurance (NASDAQ: SIGI) CIO to retire as internal leader named interim

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Selective Insurance Group, Inc. reported a planned leadership change in its investment function. Joseph O. Eppers, Executive Vice President and Chief Investment Officer, has notified the company of his intent to retire from his role effective June 2, 2026. The company states that his decision is not due to any disagreement regarding strategies, operations, policies, or practices. Beginning on the effective date, Vaibhav Kalia, currently Senior Vice President, Senior Portfolio Manager and Head of Fixed Income, who joined the company in 2014, will serve as Interim Chief Investment Officer.

Positive

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Insights

Planned CIO retirement with an internal interim successor suggests orderly transition.

The company discloses that Executive Vice President and Chief Investment Officer Joseph O. Eppers will retire from his role effective June 2, 2026. It explicitly notes his departure is not due to disagreements over strategies, operations, policies, or practices, reducing concern about internal conflict.

Selective names an internal executive, Senior Vice President and Head of Fixed Income Vaibhav Kalia, as Interim Chief Investment Officer starting on the effective date. Using a long-tenured internal leader, who joined in 2014, may help maintain continuity in investment oversight while the company determines a permanent CIO structure. Subsequent disclosures may provide more detail on long-term succession.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Retirement notification date May 11, 2026 Date CIO notified company of intent to retire
Retirement effective date June 2, 2026 Effective date of CIO role retirement
Interim CIO tenure start June 2, 2026 Date Vaibhav Kalia becomes Interim CIO
Year interim CIO joined company 2014 Year Vaibhav Kalia joined Selective Insurance Group
Company phone number (973) 948-3000 Registrant’s telephone number
Emerging growth company regulatory
"Emerging growth company Section 5 - Corporate Governance and Management"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Executive Vice President financial
"Executive Vice President and Chief Investment Officer of the Company"
An executive vice president is a high-ranking leader within a company who oversees major parts of its operations or strategies. Think of them as senior managers responsible for important areas, similar to a vice principal in a school hierarchy. Their role matters to investors because they help guide the company's success and decision-making at the top level.
Chief Investment Officer financial
"Executive Vice President and Chief Investment Officer of the Company"
A chief investment officer (CIO) is the person responsible for managing a company or organization’s investments and financial strategies. They make key decisions about where to put money to help grow wealth or achieve financial goals, much like a coach plans a team’s game strategy. Their work matters to investors because it influences how effectively an organization’s assets are used to generate returns.
Senior Portfolio Manager financial
"the current Senior Vice President, Senior Portfolio Manager and Head of Fixed Income"
Head of Fixed Income financial
"Senior Vice President, Senior Portfolio Manager and Head of Fixed Income"
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT PURSUANT

TO SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported)                  May 11, 2026

 

SELECTIVE INSURANCE GROUP, INC.

(Exact name of registrant as specified in its charter)

 

New Jersey   001-33067   22-2168890
(State or other jurisdiction
of incorporation)
  (Commission File Number)   (IRS Employer
Identification No.)

 

40 Wantage Avenue, Branchville, New Jersey 07890

(Address of principal executive offices) (Zip Code)

 

Registrant's telephone number, including area code   (973) 948-3000

 

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class Trading Symbol(s) Name of each exchange on which registered
Common Stock, par value $2 per share SIGI The Nasdaq Stock Market LLC
Depositary Shares, each representing a 1/1,000th interest in a share of 4.60% Non-Cumulative Preferred Stock, Series B, without par value

SIGIP

The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

        

 

Emerging growth company        ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

Section 5 - Corporate Governance and Management

 

Item 5.02.Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On May 11, 2026, Joseph O. Eppers notified Selective Insurance Group, Inc. (the “Company”) of his intent to retire from his role of Executive Vice President and Chief Investment Officer of the Company, effective as of June 2, 2026 (the “Effective Date”). Mr. Eppers’ decision to leave the Company and pursue other career opportunities is not the result of any disagreement with the Company on any matter relating to strategies, operations, policies, or practices.

 

Beginning on the Effective Date, Vaibhav Kalia, the current Senior Vice President, Senior Portfolio Manager and Head of Fixed Income, who joined the Company in 2014, will serve as Interim Chief Investment Officer.

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 SELECTIVE INSURANCE GROUP, INC.
  
By:

/s/ Michael H. Lanza

  Michael H. Lanza
  Executive Vice President and General Counsel

Date: May 14, 2026

 

 

 

FAQ

What leadership change did Selective Insurance Group (SIGI) announce?

Selective Insurance Group announced that Joseph O. Eppers will retire as Executive Vice President and Chief Investment Officer, effective June 2, 2026. The company clarified his decision is not due to any disagreement over its strategies, operations, policies, or practices.

When will Selective Insurance Group’s CIO retirement become effective?

The retirement of Joseph O. Eppers as Executive Vice President and Chief Investment Officer becomes effective June 2, 2026. After this effective date, the company will transition investment leadership responsibilities to an internal interim successor.

Who will serve as Interim Chief Investment Officer at Selective Insurance Group (SIGI)?

Beginning June 2, 2026, Vaibhav Kalia will serve as Interim Chief Investment Officer. He is currently Senior Vice President, Senior Portfolio Manager and Head of Fixed Income and has been with the company since 2014, providing continuity in investment oversight.

Did the departing CIO at Selective Insurance Group (SIGI) cite any disagreements with the company?

The company states that Joseph O. Eppers’ decision to retire is not the result of any disagreement with Selective Insurance Group regarding its strategies, operations, policies, or practices. This language is meant to reassure investors about internal alignment.

What roles did Vaibhav Kalia hold before becoming Interim CIO at Selective Insurance (SIGI)?

Before being named Interim Chief Investment Officer, Vaibhav Kalia served as Senior Vice President, Senior Portfolio Manager and Head of Fixed Income. He joined Selective Insurance Group in 2014, suggesting deep familiarity with the firm’s investment portfolio and processes.

Filing Exhibits & Attachments

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