Ohio-based State Automobile Mutual Insurance Company recently announced that it has formed a new affiliation agreement with Patrons Mutual Group of Connecticut.
Under the agreement, State Automobile Mutual will assume operational authority of the Patrons Mutual Group subject to approval by regulatory authorities and members of the Patrons Group.
The Patrons Mutual Group, headquartered in Glastonbury, Conn., consists of Patrons Mutual Insurance Co. of Connecticut, Litchfield Mutual Fire Insurance Co., Patrons Fire Insurance Co. of Rhode Island, and Provision State Insurance Co.
The Patrons Mutual Group, currently rated B++ by the A.M. Best Company, markets its personal, commercial, farm and specialty insurance products through approximately 200 independent insurance agencies in Connecticut, Massachusetts, Rhode Island and Vermont. For the year ended December 31, 2006, the companies posted direct written premiums of $54.0 million and had policyholders’ surplus of $23.7 million.
The State Auto Insurance Cos., headquartered in Columbus, Ohio, are engaged primarily in writing personal and business insurance products exclusively through approximately 3,200 independent insurance agencies in 29 states.
Source: State Auto Insurance Cos.
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