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: Wilton Re
Allstate to Take $4 Billion Net Loss this Quarter on Life Sales
Allstate Corp. struck another deal to sell part of a life-insurance business and warned investors that the divestitures will result in a roughly $4 billion net loss in the first quarter. Wilton Re agreed to pay $220 million to buy Allstate Life Insurance Co. of New York in a transaction that will complete Allstate’s exit… Continue reading Allstate to Take $4 Billion Net Loss this Quarter on Life Sales