The Allstate Corporation has wrapped up its previously announced $400 million sale of Allstate Life Insurance Company of New York (ALNY) to Wilton Re. The publicly-listed Illinois-based insurance company closed the deal having secured all the necessary regulatory approvals. The deal was announced in March 2021. Mario Rizzo — Chief Financial Officer of Allstate said: […]
The Allstate Corporation, an Illinois-based insurance company, has agreed to sell Allstate Life Insurance Company of New York (ALNY) to Wilton Re for $220 million. The deal, along with the previously announced transaction to divest Allstate Life Insurance Company (ALIC) and some affiliates to entities managed by Blackstone, wraps up the exit of Allstate from […]