The Allstate Corporation today announced that it has obtained all required regulatory approvals and closed the sale of Allstate Life Insurance Company of New York to Wilton Re for approximately $400 million. “Closing on the sale of ALNY is a significant step in Allstate’s strategy of increasing personal property-liability market share and expanding protection services,… Continue reading Allstate Closes Sale of New York Life and Annuity Businesses
Tag: New York Life Insurance
New York Life in Talks to Buy Cigna Unit for Up to $6 Billion
New York Life Insurance Co. is negotiating with Cigna Corp. to acquire a unit that sells nonmedical insurance products to employers, a deal that could be valued at as much as $6 billion, according to people familiar with the matter. Cigna in recent months has been seeking a buyer for a business that sells life,… Continue reading New York Life in Talks to Buy Cigna Unit for Up to $6 Billion