Return to search

Allstate to sell life insurance business to Blackstone for $2.8bn: Bloomberg

Blackstone has agreed to buy Allstate's life insurance business for $2.8 billion, reported Bloomberg.

Blackstone has agreed to buy Allstate’s life insurance business for $2.8 billion, reported Bloomberg. The news outlet noted that “Allstate will retain a New York life business and is seeking a way to sell or transfer risk from that unit to a third party.”

Source: Bloomberg