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December 23, 2014 in Carrier Management
State Auto Insurance’s 2015 Plans
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After a tough couple of years dealing with wind, hail and tornadoes, State Auto Insurance Companies has more than dealt with the underwriting fallout. That's according to Robert Restrepo, the company's chairman, president and CEO. He said the company has now made its homeowners line its most profitable after some money-losing years, and is aiming to increase overall scale. Some targeted acquisitions helped improve its fortunes, and State Auto plans to look for more select M&A opportunities heading into 2015. At the October 2014 PCI Annual Meeting in Scottsdale, A.Z., Restrepo gave Carrier Management Editor Mark Hollmer the details.
