COLUMBUS, Ohio – August 14, 2009 – The boards of directors of State Automobile Mutual Insurance Company and State Auto Property & Casualty Insurance Company have elected two associates assistant vice presidents of the companies.
Lawrence (Larry) A. Adeleye, 50, joined State Auto in July as director of treasury and finance. He has more than 25 years of experience as a finance professional, most recently serving as director of treasury operations for the Liberty Mutual Group/Ohio Casualty Insurance. He has also served in finance management roles with Tellabs, CNA Financial and Galileo International. Adeleye received a bachelor’s degree in business administration from the State University of New York at Buffalo and an MBA from the University of New Haven (Conn.). He holds the Certified Treasury Professionals (CTP) designation.
Scott A. Jones, 45, was elected an assistant secretary in 2005 and currently serves as portfolio manager. After receiving a bachelor’s degree in finance from The Ohio State University, Jones joined State Auto as a personal lines underwriter. He held various underwriting positions prior to joining the financial accounting department in 1996 and the investments department in 2002. Jones holds the Chartered Financial Analyst (CFA), Chartered Property Casualty Underwriter (CPCU) and Certified Treasury Professionals (CTP) designations.
State Automobile Mutual Insurance Company, headquartered in Columbus, Ohio, is a super regional property and casualty insurance holding company. The company is primarily engaged in writing personal and business insurance products exclusively through independent insurance agencies in 33 states and is proud to be a Trusted Choice® company partner. State Auto Mutual is part of the State Auto Group. The State Auto Group is rated A+ (Superior) by the A.M. Best Company and consists of State Automobile Mutual, State Auto Property & Casualty, State Auto National, State Auto Ohio, State Auto Wisconsin, State Auto Florida, Milbank, Farmers Casualty, Meridian Security, Meridian Citizens Mutual, Beacon National, Beacon Lloyds, Patrons Mutual and Litchfield Mutual Fire.
State Auto Mutual also writes specialty insurance and workers’ compensation products through its Rockhill insurance subsidiaries. The Rockhill insurance subsidiaries, rated A- (Excellent) by the A.M. Best Company, write business on a non-admitted basis in 49 states and the District of Columbia, and are licensed on an admitted basis in 42 states and the District of Columbia. Additional information on State Auto Mutual can be found online at www.StateAuto.com.