Allstate to acquire National General from MSD Capital for $4bn.

Allstate, an American-based insurance company, agreed to acquire National General, a property and casualty insurance company, from MSD Capital, a private investment firm, for $4bn. “Acquiring National General accelerates Allstate’s strategy to increase market share in personal property-liability and significantly expands our independent agent distribution. The acquisition increases personal lines premiums by $4bn and market share by over 1 percentage point to 10%. National General’s business and technology platforms will be utilized to further strengthen Allstate’s existing independent agent businesses. The transaction will be accretive to adjusted net income earnings per share and return on equity beginning in the first year,” Tom Wilson, Allstate Chair, President and CEO.