State Automobile Mutual Completes Acquisition of Rockhill Insurance Group
Business Editors/Insurance Writers
COLUMBUS, Ohio--(BUSINESS WIRE)--February 10, 2009--State Automobile Mutual Insurance Company today announced the completion of its purchase of Rockhill Insurance Group of Kansas City, Mo.
Rockhill writes approximately $120 million in specialty property and casualty direct written premium through four insurance company subsidiaries: Rockhill Insurance Company, Plaza Insurance Company, American Compensation Insurance Company, and Bloomington Compensation Insurance Company. Key business segments include commercial property, general liability for residential construction, commercial umbrella, surety, program, professional and environmental; RTW, a monoline workers’ compensation company; and Absentia, a third party administrator providing workers’ compensation case and claim management services. Rockhill writes business on a non-admitted basis in 49 states and the District of Columbia, and is licensed on an admitted basis in 42 states and the District of Columbia.
State Auto will retain Rockhill’s management and associates, operating the company as a stand alone subsidiary of State Automobile Mutual. State Automobile Mutual does not plan to pool Rockhill’s operations with those of State Auto’s for the foreseeable future.
State Automobile Mutual Insurance Company is one of only 13 companies to be rated A+ (Superior) by the A.M. Best Company every year since 1954. Additional information can be found online at StateAuto.com.
Ethisphere Magazine Names James A. Mitchell, CLU®, ChFC® To 100 Most Influential People In Business Ethics
Advisor News
- Amid slew of corporate tax ideas, Newsom chose one likely to hit people’s premiums
- The biggest risk to your clients’ financial plans isn’t market volatility
- Initiative looks at how caregiving impacts workplace benefits
- Will rising retirement needs spark an annuity boom?
- Living longer, retiring poorer: Why fragmented systems are failing Americans
More Advisor NewsAnnuity News
- Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
- Fortitude Re Completes $500 Million FABN Issuance
- Reframing retirement income for greater certainty
- Jackson Introduces Dow Jones Industrial Average Index Option, Flexible Premiums, Six-Year Rate Guarantee in Latest Registered Index-Linked Annuity Launch
- Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
More Annuity NewsHealth/Employee Benefits News
- Heights School Board Presses Trenton On Soaring Costs
- Brain In-Com brings week of TBI advocacy
- Investigators at Chongqing Medical University Zero in on Science (The impact of China’s employee basic medical insurance outpatient pooling scheme on outpatient healthcare utilization among middle-aged adults): Science
- New Findings on Managed Care Discussed by Researchers at UMass Chan Medical School (Medically tailored meals receipt and healthcare utilization and costs in Massachusetts’ Medicaid demonstration): Managed Care
- Health Care Notes: Clover star rating raised after court-ordered recalculation
More Health/Employee Benefits NewsLife Insurance News
- AM Best Affirms Issue Credit Ratings of Weston2038 LLC’s Credit-Linked Notes
- Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
- Greg Lindberg moves to halt $1.65B restitution order, claims he ‘overpaid’
- Fidelity Investments® to Expand Target Date Lineup With Launch of Guaranteed Income Solution
- KBRA Releases Research – Private Credit: Much Ado About Nothing – Perspectives on Columbia Business School Paper About Private Ratings
More Life Insurance News