WebJan 27, 2024 · Blackstone will enter into an asset management agreement for Allstate Life Insurance Company’s US$ 28 billion of investments. 100% of the Allstate Life portfolio, around US$ 12 billion in AUM, was in fixed income at September 30, 2024. 80% of the Allstate’s Annuity portfolio is in fixed income, while 20% is in equities. WebOct 12, 2024 · Blackstone to be Resolution Life’s investment manager for certain key areas, including directly originated assets across private credit, real estate and asset …
PE-backed insurance deals break record in 2024; Blackstone
WebNov 1, 2024 · Everlake Life was acquired by The Blackstone Group on November 1, 2024 Insurance Company Out of 60 sectors in the Mergr database, insurance ranked 6 in number of deals in 2024. The largest insurance acquisition in 2024 was Willis Towers Watson - Treaty Reinsurance Brokerage Operations - which was acquired by Arthur J. … WebApr 1, 2024 · Allstate sold Life Insurance Subsidiary to Entities Managed by Blackstone. The Allstate Corporation announced November 2, 2024 that it has closed the sale of Allstate Life Insurance Company (ALIC) and certain subsidiaries to entities managed by Blackstone for total proceeds of $4 billion, which is inclusive of Blackstone’s … alexander scott reno nv
Allstate Completes Sale of Life and Annuity Businesses
WebApr 11, 2024 · Fidelis Insurance Group pitched potential IPO investors over the past two weeks, as it pointed to the potential for a mid-to-high-80s target combined ratio and a 13%-15% RoE over the next couple ... WebMar 29, 2024 · This transaction, along with the previously announced agreement to sell Allstate Life Insurance Company (ALIC) and certain affiliates to entities managed by Blackstone, completes Allstate’s exit from the life and annuity businesses. WebNov 1, 2024 · On November 1, 2024, private equity firm The Blackstone Group acquired insurance company Everlake Life from Allstate for 4.0B USD Acquisition Highlights. This is The Blackstone Group’s 10th … alexander scriabin piano