Liberty Mutual Insurance said it completed the all-cash deal of about $1 billion for super-regional insurer State Auto Group. The transaction was originally announced in July 2021. Now that it gained all required regulatory approvals, Liberty Mutual said it adds …
Fitch Ratings said it does not expect Liberty Mutual Holding Co. Inc.’s ratings to be impacted by its planned acquisition of State Auto Group for an estimated $1 billion of cash consideration. “Given the relative size of the two organizations …
National Flood Services announced the appointment of Lindsey Erickson as its chief executive officer. Erickson replaces interim CEO George Ruhana, who will continue in his role as operating partner. Erickson has been with National Flood Services for more than 20 …
Mike LaRocco, who took over president and CEO of State Automobile Mutual Insurance Co. in May 2015, has won the support of the company’s board of directors for an extension of his contract until Dec. 31, 2021. LaRocco has been …
The Independent Insurance Agents of Austin (IIAA) honored Gerald Ladner, State Auto’s Western Region president, with its Distinguished Service Award for 2015. Ladner won a similar award from the Independent Insurance Agents of Dallas in 2005. The award is given …
With an original goal of raising $300,000 for the United Way of Greater Austin, the response from area insurance professionals was so successful during the first six months of the campaign that the Insurance Industry Challenge upped its goal to …
State Auto’s Western Region unit, based in Austin, Texas, has made new assignments and promotions effective Jan. 1, 2014, the company announced. Lyndell Haigood, previously regional vice president – personal insurance, becomes regional vice president – government relations. Haigood will …
Texas insurance companies and agency partners are challenging themselves and other insurance industry professionals to raise the bar for philanthropy and volunteerism on behalf of the United Way for Greater Austin. So far they are on track, with contributions coming …
Columbus, Ohio-based State Auto Financial Corp. announced it estimates the company’s second quarter 2012 results will include between $33 million and $36 million in pre-tax net catastrophe losses. During the quarter ended June 30, 2012, 13 catastrophe events in the …
The specialty division of the State Auto Insurance Group is consolidating its Risk Evaluation and Design (RED) subsidiary and its Rockhill Specialty Program Division into a single operating structure. The RED team, based in Chapel Hill, N.C., will be led …
