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    Michael Zurinsky

    Director and senior Equity Research Analyst at BMO Capital Markets

    Michael Zurinsky is a Director and senior Equity Research Analyst at BMO Capital Markets, specializing in coverage of lodging, leisure, and gaming sectors with a focus on companies such as Marriott International, Hilton Worldwide, Wyndham Hotels & Resorts, and Hyatt Hotels. Known for his data-driven approach and in-depth fundamental analysis, Zurinsky has earned recognition on platforms like TipRanks, where he maintains an accuracy rate near 60% and an average annualized return in the low double digits on rated calls. He began his equity research career at Barclays in 2012 before joining BMO Capital Markets in 2016, where he advanced to a senior analyst role. Zurinsky holds FINRA Series 7, 63, 86, and 87 licenses and is noted for detailed industry insights and frequent media commentary on hospitality sector trends.

    Michael Zurinsky's questions to SELECTIVE INSURANCE GROUP (SIGI) leadership

    Michael Zurinsky's questions to SELECTIVE INSURANCE GROUP (SIGI) leadership • Q4 2024

    Question

    Speaking for Michael Zurinsky, an analyst asked if Selective's quarterly review process structurally leads to smaller, sequential reserve charges and questioned the confidence that General Liability issues would not spread to Commercial Auto.

    Answer

    John J. Marchioni, Chairman, President & CEO, defended the quarterly process, citing historical data showing its effectiveness versus the industry and its benefit in enabling quick pricing and underwriting responses. Both Marchioni and Patrick Brennan, EVP & CFO, asserted that Commercial Auto was the 'first shoe to drop' regarding social inflation, not the next. Marchioni elaborated that Commercial Auto's shorter tail led to earlier recognition and reaction with higher loss trends and pricing adjustments in prior years.

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