Rockhill Insurance Group announced an agreement to be acquired by State Automobile Mutual Insurance Co.
The purchase is expected to be completed in the first quarter of 2009, pending regulatory approval. The price was not disclosed.
Kansas City-based Rockhill writes about $135 million in specialty property and casualty insurance through four subsidiaries: Rockhill Insurance Co., Plaza Insurance Co., American Compensation Insurance Co. and Bloomington Compensation Insurance Co.
State Automobile Mutual is part of State Auto Insurance Companies, based in Columbus, Ohio. State Automobile said it plans to retain Rockhill’s management and work force. It will be operated as a subsidiary of State Automobile.
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