The merger of State Auto Mutual Insurance Company and Meridian Mutual Insurance Company, along with State Auto’s Mutual purchase of Meridian Insurance Group Inc., was finalized June 1.
With the deal, State Auto Insurance Companies becomes the country’s 48th largest property /casualty insurance group, with written premium exceeding $1 billion, more than $2 billion in assets and nearly $1 billion in surplus.
Except for Washington, Meridian’s 18 operating states are all found within State Auto’s 26 state universe, however Meridian increases the group’s move into a number of key Midwest states.
Former Meridian sales vice president Joel Brown was named regional vice president and manager of the new Indianapolis regional office. Former Meridian chief operating officer Steve Hazelbaker was named a vice president of all the State Auto companies, where he will serve as director of branch/regional operations with responsibility for the companies’ Cincinnati, Cleveland, Central, Des Moines, Eastern and La Crosse offices.
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