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Allstate to Acquire Units from White Mountains Insurance Group
Allstate to Acquire Units from White Mountains Insurance Group
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Allstate to Acquire Units from White Mountains Insurance Group
Allstate (ALL) said today it has agreed to acquire Esurance and Answer Financial from White Mountains Insurance Group (WTM) for $700 million plus the tangible book value of the assets at close, expected to bring the total purchase price to $1 billion.  Esurance provides online auto insurance quotes, while Answer Financial gives quote comparisons and assistance from 20 brand-name insurance companies.
Category: Business
Video Length: 0
Date Found: May 18, 2011
Date Produced: May 18, 2011
View Count: 2
 
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