Reuters logo
State Auto considers sale of E&S insurance business
September 8, 2017 / 12:57 PM / 17 days ago

State Auto considers sale of E&S insurance business

(Reuters) - Property and casualty insurer State Auto Financial Corp (STFC.O) said on Friday it was considering options for its excess and surplus lines business, including a sale.

The review includes Rockhill Insurance Co, which State Auto acquired in 2009 to enter the E&S market.

The E&S business comes under specialty insurance, the smallest among the Columbus, Ohio-based company’s three units.

State Auto, which has a market valuation of about $981 million, said it had retained Keefe, Bruyette & Woods to advise on the evaluation.

Reporting by Nikhil Subba in Bengaluru; Editing by Maju Samuel

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below