Allstate To Totally Sell Off Life And Annuity Units
The Allstate Corporation ALL recently agreed to divest the Allstate Life Insurance Company of New York unit to Wilton Re for $220 million. Its deal with Wilton Re also encompasses the dismissal of a stop-loss reinsurance treaty of Allstate Life Insurance Company. In January 2021, Allstate agreed to divest ALIC to Blackstone managed entities for $2.8 billion.
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