Gregory E. Murphy has been a key figure at Selective Insurance Group, having served as CEO from 2013 until early 2020, when he transitioned to the role of Executive Chairman. He has a strong educational background, holding degrees from Boston...
Gregory E. Murphy has been a key figure at Selective Insurance Group, having served as CEO from 2013 until early 2020, when he transitioned to the role of Executive Chairman. He has a strong educational background, holding degrees from Boston College and completing the Advanced Management Program at Harvard Business School. Greg's experience in management spans decades, starting from 1980 when he joined Selective. His leadership contributed to consistently strong performance in the company’s financial metrics over the years, evident by a solid GAAP combined ratio achievement. During his tenure, his compensation reflected his performance; for example, in 2019, he earned a total of nearly $6.8 million, which included a significant cash bonus that recognized the company's successful year. Interestingly, he had a notable retention grant meant to keep him with the company during a leadership transition, showing that his role and insight were highly valued during restructuring. Greg also emphasized a strong ethical framework, as shown by the company’s adoption of a Code of Conduct outlining business ethics for all personnel. Therefore, his combination of long-term engagement, educational qualifications, and performance-based rewards indicates a commitment to growing the organization and its societal impacts.