Blackstone Entities Agree to Buy an Allstate Life Unit
February 3, 2021 by Allison Bell
The Blackstone Group Inc. recently hired Michael Hovey to be the senior managing director in charge of its insurance deals unit.
The New York-based investment management company confirmed its interest in insurance deals Tuesday, by having entities it manages agree to pay $2.8 billion to buy Allstate Life Insurance Company from The Allstate Corp.
Click HERE to read the full story via ThinkAdvisor
Originally Posted at ThinkAdvisor on January 27, 2021 by Allison Bell.
Categories: Industry Articles