Allstate closes sale of new york life and annuity businesses

Northbrook, ill.--(business wire)--the allstate corporation (nyse: all) today announced that it has obtained all required regulatory approvals and closed the sale of allstate life insurance company of new york (alny) to wilton re for approximately $400 million. “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,” said mar
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