Allstate to sell life insurance business to Blackstone for $2.8bn

27-01-2021

US-based The Allstate Corporation has agreed to sell Allstate Life Insurance Company (ALIC) to Blackstone-managed entities for $2.8 billion to focus on growing its personal property-liability market share.


Allstate, Blackstone, Transactions, Mergers & Acquisitions, Insurance, Reinsurance, Tom Wilson, North America

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