Announced
Completed
Financials
Tags
Majority
Private
United States
life insurance
Life Insurance
Acquisition
Domestic
Friendly
Single Bidder
Completed
Synopsis
Wilton Re, a provider of in force and reinsurance solutions in the North American life insurance industry, completed the acquisition of Allstate Life Insurance Company of New York, a life insurance unit of Allstate, for $220m. “Closing on the sale of ALNY is a significant step in Allstate’s strategy of increasing personal property-liability market share and expanding protection services, while deploying capital out of the life and annuity businesses,” Mario Rizzo, Allstate CFO.
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