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Allstate, Nationwide and stop-loss
Nationwide to acquire Allstate's stop-loss insurance business in $1.25 billion deal
(This Jan. 30 story has been corrected to fix John Carter's designation to president and COO of Nationwide Financial in paragraph 5) (Reuters) - U.S. insurer Nationwide said on Thursday that it would acquire property and casualty insurer Allstate Corp's employer stop-loss segment in a $1.
Nationwide agrees to buy Allstate’s stop loss unit for $1.25bn
The move is expected to bolster Nationwide Financial's product offerings, particularly targeting small businesses with stop loss insurance.
Columbus-based Nationwide buying Allstate's stop-loss insurance segment for $1.25 billion
Stop-loss insurance serves as a financial safeguard for companies against large medical expenses incurred by an employee in any given year. Nationwide is a diversified insurance and financial services firm that provides a range of products,
Nationwide to make $1.25B acquisition of Allstate business line
More than a decade after exiting health insurance, Nationwide has agreed to acquire a fast-growing employer benefits business line from one of its rivals.
Allstate to sell Group Health business to Nationwide
The Allstate Corporation (NYSE: ALL) announced a definitive agreement to sell its Group Health business to Nationwide for $1.25 billion in cash, adjusted for the closing balance sheet, and subject to standard closing conditions including regulatory approvals.
M&A News: Allstate Sells Group Health Business to Nationwide for $1.25B
U.S.-based insurer Allstate Corporation (ALL) has agreed to sell its Group Health business to its rival Nationwide for $1.25 billion in cash.
Nationwide to acquire Allstate's employer stop loss for $1.25B
Nationwide announced an agreement to acquire Allstate's employer stop loss segment for $1.25 billion, according to a press release. The acquisition will likely close in the second half of the year.
Allstate sells its Group Health business to Nationwide for $1.25bn
US primary insurer, The Allstate Corporation, has entered into a definitive agreement to sell its Group Health business to Nationwide for $1.25 billion in
Allstate to sell Group Health business to Nationwide for $1.25B in cash
Corporation announced a definitive agreement to sell its Group Health business to Nationwide for $1.25B in cash, adjusted
Nationwide to buy Allstate's stop loss segment for $1.25 billion
COLUMBUS, Ohio - Nationwide, a major player in the U.S. insurance and financial services sector, has announced the acquisition of The Allstate Corporation (NYSE:ALL)'s employer stop loss insurance segment for $1.
insurancebusinessmag
1d
Allstate to sell group health business to Nationwide for $1.25 billion
The Allstate Corporation has reached a definitive agreement to sell its group health business to Nationwide for $1.25 billion ...
captiveinsurancetimes
1d
Allstate to sell group health business to Nationwide for US$1.25bn
Allstate's group health business provides stop-loss insurance to small businesses, which will gain access to Nationwide's complementary product offerings ...
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