Rockhill Insurance Group Upgraded by A.M. Best
January 26 2011 - 2:00PM
Business Wire
State Auto Financial Corporation (NASDAQ:STFC) and State
Automobile Mutual Insurance Company today announced that A.M. Best
Co. has upgraded the rating of the insurance companies of the
Rockhill Insurance Group to A+ (Superior) from A- (Excellent)
following their addition to the intercompany pooling agreement of
the State Auto Group.
The Rockhill Insurance Group, which includes Rockhill Insurance
Company, American Compensation Insurance Company, Bloomington
Compensation Insurance Company and Plaza Insurance Company, was
acquired by State Automobile Mutual in February 2009.
“Rockhill is an important part of our new specialty insurance
segment, giving us many commercial lines growth opportunities that
we previously hadn’t been able to offer our independent agency
partners,” said State Auto President, Chairman and CEO Bob
Restrepo. “A.M. Best’s announcement affirms the value that State
Auto offers Rockhill, further strengthening its market position for
its distribution partners.”
Additionally, State Auto has appointed Jessica Buss, who had
served as chief operating officer of Rockhill Insurance Group, as
State Auto’s chief operating officer of specialty insurance. In her
new role, Buss will be responsible for completing the integration
of the business operations of Rockhill and RTW into State Auto.
State Auto Financial Corporation, headquartered in Columbus,
Ohio, is a super regional property and casualty insurance holding
company. The company is proud to be a Trusted Choice® company
partner. STFC stock is traded on the NASDAQ Global Select Market,
which represents the top third of all NASDAQ listed companies.
The insurance subsidiaries of State Auto Financial Corporation
are part of the State Auto Group. The State Auto Group is rated A+
(Superior) by the A.M. Best Company and consists of State
Automobile Mutual, State Auto Property & Casualty, State Auto
Ohio, State Auto Wisconsin, State Auto Florida, Milbank, Farmers
Casualty, Meridian Security, Meridian Citizens Mutual, Beacon
National, Beacon Lloyds, Patrons Mutual, Litchfield Mutual Fire,
Rockhill Insurance, Plaza Insurance, American Compensation and
Bloomington Compensation. Additional information on State Auto
Financial Corporation can be found online at
http://www.StateAuto.com.
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