Selective Insurance reappoints Wole Coaxum to board
- Selective Insurance Group reappoints Wole Coaxum as an independent director
- Board size stands at 13 members, with 12 independent directors
- Coaxum joins Audit and Compensation and Human Capital committees
- Coaxum previously served on the board from 2020 to 2025

*this image is generated using AI for illustrative purposes only.
Selective Insurance Group, Inc. (NASDAQ: SIGI) has reappointed Wole Coaxum as an independent director on its Board of Directors, effective immediately.
With this appointment, the board consists of 13 directors, of whom 12 are independent. Mr. Coaxum previously served on the board from 2020 to 2025.
Board Composition and Committees
Mr. Coaxum has been appointed to the Audit Committee and the Compensation and Human Capital Committee. His return aims to enhance the board’s capabilities with his expertise in financial services and FinTech.
John J. Marchioni, Chairman, President and Chief Executive Officer, highlighted Mr. Coaxum’s entrepreneurial leadership background and commitment to increasing economic access as key assets for guiding long-term strategic priorities.
Professional Background
Mr. Coaxum is the founder and Chief Executive Officer of On Our Block, a New York-based firm offering strategic advisory services and capital-raising support for owner-operated businesses. He previously founded Mobility Capital Finance, Inc. ("MoCaFi"), a digital banking platform he led from 2015 until its wind-down in 2026.
Earlier in his career, Mr. Coaxum served as a Managing Director at JPMorganChase from 2007, focusing on commercial credit card sales and relationship management. He spent the first ten years of his career at Citigroup and held senior executive positions at Willis Group Holdings for five years.
How might Mr. Coaxum's FinTech and digital banking expertise influence Selective Insurance Group's strategy regarding insurtech adoption or digital transformation?
What specific changes to the executive compensation structure or human capital policies can be anticipated under his leadership on the Compensation and Human Capital Committee?
Given his background in capital-raising for owner-operated businesses, will Selective Insurance Group explore new niche markets or partnership models in the small business insurance sector?




























