Menu

Reinsurance News

Allstate finalises acquisition of National General

6th January 2021 - Author: Katie Baker

US primary insurer Allstate Corporation has closed its $4 billion acquisition of National General Holdings.

Allstate logoThe acquisition, which was announced in July last year, sees Allstate expand its personal lines market position.

National General offers a range of property-liability solutions through independent agents with a presence in non-standard auto insurance.

Additionally, National General has Accident and Health and Lender-Placed Insurance operations.

In 2019, National General’s gross written premiums totalled $5.6 billion, generating income of $319 million for the year.

Tom Wilson, chair, president and CEO of The Allstate Corporation commented: “The acquisition of National General advances our strategy of growing personal lines insurance with an increase of 1 percentage point in market share.

“Independent agents will now have more protection offerings for customers, with a strong technology platform creating growth opportunities for them and Allstate. National General’s accident and health business will also further expand Allstate’s circle of protection.”

Print Friendly, PDF & Email

Recent Reinsurance News

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous post:
W.R. Berkley gains $105mn from NYC office sale

Re/insurance holding company W.R. Berkley has announced the sale of one of its real estate investments - an office complex...

Close