Corporate America Not Likely To Unwind COVID-19 Debt Buildup Despite Credit Hits
Blog
Infrastructure Issues: Tools to Dig Deep on Potential Risks
Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools
29 Jan, 2021 Author Hailey Ross
It was a busy week for insurance stocks as earnings season started in earnest, two sizable deals in the life space were announced, and amateur traders threw the broader markets into a short-squeezing feeding frenzy.
The S&P 500 endured some significant swings for the week ending Jan. 29, and ended up falling 3.31% to 3,714.24. The SNL U.S. Insurance Index dropped 3.65% to 1,164.98.
Early in the week, Allstate Corp. agreed to sell Allstate Life Insurance Co. and certain subsidiaries to entities managed by Blackstone Group Inc. for $2.8 billion. A day later, American Financial Group Inc. said it entered into a definitive agreement to sell its annuity business to Massachusetts Mutual Life Insur
Allstate to Sell Allstate Life Insurance Co for $2 8 Billion o Blackstone
morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
Allstate to sell life insurance business to Blackstone
chicagotribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chicagotribune.com Daily Mail and Mail on Sunday newspapers.