Allstate: Allstate sells Employer Voluntary Benefits business to The Standard

US primary insurer Allstate has closed the previously announced sale of its Employer Voluntary Benefits business to StanCorp Financial Group, Inc. (The Standard) for $2 billion. It has been confirmed that this transaction, along with the previously announced definitive agreement to sell the Group Health business, is expected to generate combined proceeds of $3.25 billion [...] The post Allstate sells Employer Voluntary Benefits business to The Standard appeared first on ReinsuranceNe.ws.