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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> Allstate Corp. Esurance

Allstate closes on purchase of Esurance and Answer Financial

Posted by RJ and Makay on Oct 10, 2011

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Allstate Corp. has closed on its acquisition of Esurance and Answer Financial from White Mountains Insurance Group Ltd. for approximately $1 billion, Allstate said last Friday.  The deal, which was announced in May, is expected to be non-diluted to Allstate’s earnings in the second full year of ownership, according to the company.