Monday, December 19, 2005

 

Allstate Said to Mull Sale of Life/Annuity Unit

Life insurers' need for scale to compete with recently merged companies, and the failure of some to meet earnings targets, continue to fuel speculation that more deals are imminent, according to industry analysts.

The latest prominent insurer being mentioned as a sale possibility is Allstate Financial Services LLC, the life insurance and annuity division of Northbrook, Ill.-based Allstate Corp.

Allstate Said to Mull Sale of Life/Annuity Unit
Source: Investment News (subscription required)

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