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UPDATE 1-State Auto considers sale of E&S insurance business
2017年9月8日 / 下午1点34分 / 13 天前

UPDATE 1-State Auto considers sale of E&S insurance business

(Adds review details)

Sept 8 (Reuters) - Property and casualty insurer State Auto Financial Corp said on Friday it was considering options for its excess and surplus lines business, including a sale.

The review includes Rockhill Insurance Co, which State Auto acquired in 2009 to enter the E&S market.

The E&S business comes under specialty insurance, the smallest among the Columbus, Ohio-based company’s three units.

State Auto, which has a market valuation of about $981 million, said it had retained Keefe, Bruyette & Woods to advise on the evaluation. (Reporting by Nikhil Subba in Bengaluru; Editing by Maju Samuel)

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