State Auto News
State Auto Shareholders Back Liberty Mutual’s $1B Acquisition Plan
Shareholders at State Auto Group voted overwhelmingly to approve Liberty Mutual Holding Company's $1 billion plan to buy the company. The Ohio-based super-regional insurance holding company said the ...
W.R. Berkley, State Auto, Guidewire Join Financing for New Digital Vehicle Titling Startup
W.R. Berkley Corp., State Auto Insurance and other industry stalwarts joined a new $8.5 million investment round for Champ Titles, a startup that digitizes the process of vehicle titling. Berkley and ...
State Auto, Soon to Be Acquired by Liberty Mutual, Reports Q2 Decline in Net Income
State Auto Financial Corp., soon to be acquired by Liberty Mutual for $1 billion, saw a large Q2 decline in net income due to a dip in net investment gains and as well as natural catastrophe losses. ...
After State Auto, Liberty Mutual Turns to Malaysia for Next Acquisition
Liberty Mutual Insurance is disclosing acquisition plans for the second time in two weeks. This time, the Boston-based mutual insurance holding company said it will apply for regulatory approval to ...
Liberty Mutual Acquiring State Auto
Liberty Mutual Holding Company, whose insurance company famously invites customers to only pay for what they need, is paying roughly $1 billion to acquire State Auto Group, a super-regional insurance ...
State Auto CFO English Plans to Retire
The veteran CFO at State Auto Financial Corp. is retiring after 21 years with the company. Steven English, State Auto's senior vice president and chief financial officer, will remain with the insurer ...
State Auto Plans Broad Rollout of Agent Platform Developed With Amazon
State Automobile Mutual Insurance Company is planning a national rollout of a platform designed with Amazon to help independent insurance agents better serve the insurer's policyholders. A beta ...
For State Auto, a Q2 Combination of Operating Losses and Rate Hikes
Healthy rate increases and new business helped State Auto Financial Corp. eke out a small profit in the 2020 second quarter. Overall results, however, were mixed with underwriting operations losing ...