Keefe, Bruyette & Woods to advise State Auto on divestiture
September 11, 2017
Property and Casualty Insurance | Columbus, OH
State Auto Insurance has retained investment bank Keefe, Bruyette & Woods to assist in its review of strategic alternatives for its excess & surplus lines business, including a potential sale. The review includes subsidiary Rockhill Insurance, a provider of excess and surplus lines insurance that State Auto acquired in 2009. Shares of State Auto (NASDAQ: STFC) gained more than 3% Friday.