Allstate to Sell Life Insurance Business to Blackstone for $2.8M to Grow in P/C

The Allstate Corp. is selling Allstate Life Insurance Co. to entities managed by investment firm Blackstone for $2.8 billion. Explaining the move from Allstate’s perspective, Allstate CEO Tom Wilson referred to a strategy to grow market share in personal lines …

from News – Insurance Journal https://ift.tt/3qSFrGE