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.
The rest of this article is locked. Please login to continue reading.
If you don't have a login, you will need to purchase a subscription to gain access to this article, and all the other content. Please use this link and follow the steps.
To take out a free two week trial, use the same link but select the 'trial' option in the dropdown box.
For multi-user price options, or to check if your company has an existing subscription we can add you into, please email Elliot at firstname.lastname@example.org
Allstate, Blackstone, Transactions, Mergers & Acquisitions, Insurance, Reinsurance, Tom Wilson, North America