State Auto's Entry Into Texas Complete.* State Automobile Mutual completes purchase of Texas-based Beacon Insurance Group * Texas becomes State Auto's 29thstate of operation * Beacon president named State Auto regional vice president COLUMBUS, Ohio Columbus is the capital and the largest city of the American state of Ohio. Named for explorer Christopher Columbus, the city was founded in 1812 at the confluence of the Scioto and Olentangy rivers, and assumed the functions of state capital in 1816. -- State Automobile Mutual Insurance Company, Columbus, Ohio, today completed the purchase of the Beacon Insurance Group of Wichita Falls, Texas Wichita Falls is a city in Wichita County, Texas, United States. As of the 2000 census, the city had a total population of 104,197. It is the principal city of the Wichita Falls Metropolitan Statistical Area, which encompasses all of Archer, Clay and Wichita counties. . With the acquisition, Texas becomes State Auto's 29th state of operation. Beacon writes approximately $50 million in direct written premium through more than 350 independent insurance agents in Arkansas and Texas. The transaction was announced on December 18, 2006. "Bringing a Texas-based company like Beacon into the State Auto group offers a tremendous opportunity for profitable growth," said Bob Restrepo, State Auto Chairman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Working with the Beacon team and meeting their independent agents in recent months has confirmed our initial belief that we share similar business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets , agency forces, and corporate cultures. We remain confident that the transition will be seamless for Beacon's policyholders, agents, and associates." Beacon's headquarters is now State Auto's Southwestern Regional Office headed by former Beacon President Lyndell Haigood. Haigood, who has been named a State Auto regional vice president, earned an undergraduate degree “First degree” redirects here. For the BBC television series, see First Degree. An undergraduate degree (sometimes called a first degree or simply a degree from Midwestern State University Midwestern State University is a public liberal arts college in Texas and is a member of the Council of Public Liberal Arts Colleges. Located in Wichita Falls, Texas, the university has a current enrollment of approximately 6,500 students. in Wichita Falls, Texas, and a graduate degree from Southern Methodist University Southern Methodist University, at Dallas, Tex.; United Methodist; coeducational; chartered 1911. The school's facilities include laboratories for electron microscopy and stable isotopes, a museum of paleontology, and a graduate research center. . He joined Beacon in 1997, and is active on the boards of the Association of Fire and Casualty Companies of Texas, the Southwest Insurance Information Service, and the Insurance Council of Texas. The State Auto Insurance Companies, headquartered in Columbus, Ohio, are engaged primarily in writing personal and commercial insurance products through more than 3,300 independent insurance agencies in 29 states, and are proud to be a Trusted Choice([R]) company partner. State Automobile Mutual is one of only 14 companies to be rated A+ (Superior) by the A.M. Best Company every year since 1954. Additional information on State Auto can be found at www.StateAuto.com. |
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