What company bought Allstate 2011?
What company bought Allstate 2011?
EsuranceNORTHBROOK, Ill., October 7, 2011 – The Allstate Corporation (NYSE: ALL) today announced that it has obtained all required regulatory approvals and closed its acquisition of Esurance and Answer Financial from White Mountains Insurance Group, Ltd. (NYSE: WTM). The purchase price was approximately $1 billion.
Why is Allstate changing their name?
Halliwell said the name change is designed to better distinguish the subsidiaries from the parent, Allstate Insurance Co. Specifically, the company wants to clarify that the Florida subsidiaries are funded separately so that the parent isn’t expected to help pay hurricane claims. Jul 2, 2003
Does Allstate own National General?
The insurance giant Allstate Corporation has moved to acquire National General and its subsidiaries for a staggering $4 billion.
Does Blackstone own an insurance company?
The private-equity firm will pay $2.2 billion for a 9.9% stake of AIG’s life-insurance and retirement-services unit. Jul 14, 2021
Is Allstate selling their life company?
Allstate Corporation has closed the sale of its life and annuity business – Allstate Life Insurance Company (ALIC) – as well as certain other subsidiaries to entities operated by investment management company Blackstone. The transaction was first announced earlier this year. Nov 2, 2021
