State Auto Financial Corp. (STFC) has named Michael E. LaRocco, president and CEO, as chairman to succeed current chairman Robert P. Restrepo Jr. upon his retirement from the board at the end of the year.
STFC’s parent, State Automobile Mutual Insurance Co. (SAM), has named James E. Kunk, currently lead independent director, as non-executive chairman of SAM to succeed Restrepo upon his retirement from this board at the end of the year
LaRocco was named president and CEO of STFC and SAM in May 2015, when he was also elected a director of both boards. During LaRocco’s more than 35 years in the property and casualty insurance industry, he’s led large national carriers and formed a technology startup, according to the company.
His insurance career began with management and executive roles at Progressive and Geico.
He joined Safeco Insurance Companies in 2001 to lead their personal lines business and was later named president and chief operating officer. In 2008, he was named president and CEO of Fireman’s Fund Insurance Co. Before joining State Auto, LaRocco was president and CEO of AssureStart, a Seattle-based technology startup selling general liability and property insurance to small businesses online.
Kunk, currently president of Huntington Bank’s Central Ohio Region, has been a State Auto Mutual director since 2006. He’s held several positions with Huntington since joining the bank in 1981, including executive vice president of commercial and retail banking, senior vice president and manager of private banking and vice president of the national banking division. He serves on a number of business and charitable boards, including the Columbus College of Art and Design, Experience Columbus, Franklin County Convention Authority, Ohio Bankers League, Columbus Chamber of Commerce and the Wexner Center Foundation.