Allstate to sell Employer Voluntary Benefits arm to The Standard for $2bn
Reinsurance News - Aug 14, 2024
US primary insurer Allstate has entered into a definitive agreement to sell its Employer Voluntary Benefits business to StanCorp Financial Group, Inc. (The Standard) for $2 billion in cash, adjusted for the closing balance sheet. The transaction is subject to customary closing conditions and approva...
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