State Auto Insurance Group Announces Review of Strategic Alternatives for Its E&S Business

By a News Reporter-Staff News Editor at Insurance Weekly News -- The State Auto Insurance Group (State Auto) announced it is undertaking a review of strategic alternatives for its Excess and Surplus (E&S) Lines business, including a possible sale transaction. State Auto has retained Keefe, Bruyette & Woods to advise in connection with the evaluation. The review includes affiliate Rockhill Insurance Company, which State Auto acquired in 2009 to enter the Excess & Surplus Lines insurance market.

"We've made tremendous progress in rebuilding State Auto, putting in place a new technology platform, products and processes for our core lines of business of personal and commercial insurance," said State Auto President and CEO Mike LaRocco. "As we move forward focused on our goal of profitable growth, we are evaluating the best use of capital including the strategic fit of our E&S product lines."

Keywords for this news article include: State Auto Insurance Group.

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