(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.
This company offers property & casualty insurance.
The scope of this Business Review issued by BBB serving Central Ohio concerns the company’s corporate headquarters in Columbus, OH and its company-owned regional, branch and claims service offices nationwide.
State Auto offers insurance in 33 states through approximately 3,400 independent agents / agencies, and separate BBB Business Reviews on independent agents / agencies are available
State Auto Insurance Company of Ohio provides personal, business, farm, commercial surety bonds, land, and flood insurance products and services. The company offers specialty insurance and risk control services. It serves customers through independent insurance agents in the United States. State Auto Insurance Company of Ohio was formerly known as State Auto Insurance Company. The company was founded in 2000 and is headquartered in Columbus, Ohio. It has regional and branch offices in Austin, Texas; Goodlettsville, Tennessee; Cincinnati and Cleveland, Ohio; and Indianapolis, Indiana. State Auto Insurance Company of Ohio operates as a subsidiary of State Auto Financial Corp