Ohio-based State Auto Financial Corp. has estimated first quarter 2012 results will include between $19 million and $21 million in pre-tax catastrophe losses. The company announced that the estimate reflects anticipated recoveries under the State Auto Group’s property catastrophe excess …
State Automobile Mutual and State Auto Property & Casualty Insurance Cos. have named a number of associates officers of the companies. Scott Jones, vice president, chief investment officer, started with State Auto in 1989 and previously served as a portfolio …
State Auto Financial Corp., headquartered in Columbus, Ohio, reported fourth quarter 2011 net income of $100.6 million, or $2.49 per diluted share, versus $37.6 million, or $0.94 per diluted share, for the fourth quarter of 2010. STFC’s GAAP combined ratio …
Combined Agents of America LLC (CAA), headquartered in Austin, Texas, reported 19.5 percent growth in written property/casualty premiums in the third quarter of 2011, compared with the same period in 2010. CAA, whose 47 agency members are based in Texas, …
State Auto Financial Corp., based in Columbus, Ohio, announced that the State Auto Group has entered into a quota share reinsurance agreement with a syndicate of reinsurers covering its homeowners book of business. The three-year agreement was effective Dec. 31, …
State Auto Financial Corp. has received regulatory approval for proposed changes to the intercompany reinsurance pooling agreement for the State Auto Group, the company reports. With all necessary regulatory approvals from various departments of insurance having been secured, the pooling …
The Rockhill Insurance Group has hired Garick Zillgitt as its vice president of marketing and business development. Zillgitt has nearly 30 years of wide-ranging industry experience with insurers, reinsurers, and brokers, and will be responsible for cultivating and strengthening Rockhill’s …
Lyndell Haigood, regional vice president of State Auto Insurance Co., has been elected president of the Association of Fire and Casualty Companies in Texas (AFACT). Haigood was elected during AFACT’s annual meeting in Dallas Nov. 10. Haigood, whose term as …
Standard & Poor’s Ratings Services has lowered its counterparty credit and financial strength ratings on the operating insurance companies of State Auto Group to ‘BBB+’ from ‘A-‘. S&P also lowered its counterparty credit rating on State Auto Financial Corp. to …
Columbus, Ohio-based State Auto Financial Corp. has reported a third quarter 2011 net loss of $58.7 million, or $1.46 per diluted share, versus net income of $0.2 million, or $0.00 per diluted share, for the third quarter of 2010. “This …
