Allstate Targets Online Insurance Sales; Buys Esurance, Answer Financial
In a bid to capture more business from customers who shop online, giant Allstate Corp. has agreed to pay $1 billion to buy two popular online insurance sellers — Esurance and the associated site,...
View ArticleRatings Analyst Views Allstate Buy of Esurance Positively
Allstate Insurance Corp.’s plan to buy Esurance Insurance Group is being viewed positively by a key ratings analyst. A.M. Best Co. placed the financial strength rating of A- (Excellent) and issuer...
View ArticleAllstate Closes on $1 Billion Acquisition of Esurance, Answer Financial
The Allstate Corp. said it has obtained all required regulatory approvals and closed its acquisition of Esurance and Answer Financial from White Mountains Insurance Group Ltd. The purchase price was...
View ArticleAllstate Doubles Q4 Profit
Allstate Corp. reported that its profit more than doubled in the fourth quarter thanks to lower catastrophe losses and improved homeowners business. The big insurance company posted a fourth quarter...
View ArticleAnswer Financial Builds Sales Center in Knoxville
Home and auto insurance seller Answer Financial Inc. has broken ground on a 32,775 square foot facility in Knoxville, Tenn. that will serve as the company’s primary sales center. The office will have...
View ArticleAnswer Financial Relocating Main Tennessee Sales Center to Knoxville
Online insurance agency Answer Financial Inc. is relocating its main Tennessee call center to West Knoxville. The office is slated to open next week. The agency is celebrating its new state-of-the-art...
View ArticleWhite Mountains Buys Majority Stake in Internet Insurance Broker Tranzact
White Mountains Insurance Group Ltd. purchased a majority stake in Tranzact for $178 million as the insurer renews its bet on policy sales through the Internet. White Mountains acquired 63 percent of...
View ArticleChina Minsheng Investment to Acquire White Mountains’ Sirius for $2.2B
White Mountains Insurance Group Ltd. agreed to sell Sirius International Insurance Group Ltd. for about $2.2 billion to an arm of China Minsheng Investment Corp. The price for the reinsurer will be 127...
View ArticleCummings, Beard Join Answer Financial
Allstate’s online auto and home insurance agency Answer Financial has added two insurance professionals to its leadership team. Brendan Cummings joins Answer as the director of Business Development to...
View ArticleCapp Joins Answer Financial to Sign More Business Partners
Tom Capp has joined the senior management team for the online auto and home insurance agency Answer Financial. Capp, as senior vice president of Business Development, will be working to grow the...
View ArticleAnswer Financial Names Bur to Direct Business Development
National auto and home online insurance agency Answer Financial has hired Eric Bur, most recently with The General, as director of Business Development. Answer is expanding its business development...
View ArticleAllstate’s Sadler Moves to Answer Financial as Director of Carrier Relations
Jeff Sadler has joined online insurance agency Answer Financial as director of Carrier Relations. Sadler will oversee strengthening the agency’s carrier platform to meet the needs of its growing...
View ArticleAnswer Financial Expands Insurance Comparison Site Into Homeowners Segment
Answer Financial, a personal lines insurance agency in the U.S., has expanded its insurance comparison platform to include homeowners and condo insurance. The expansion enables shoppers to compare...
View ArticleAnswer Financial Adds Rideshare Gap Coverage in 24 States
Answer Financial, a national auto and home insurance agency., has added rideshare gap coverage plans to its offerings on its insurance comparison shopping platform. Rideshare drivers can now compare...
View ArticleAnswer Financial Builds Sales Center in Knoxville
Home and auto insurance seller Answer Financial Inc. has broken ground on a 32,775 square foot facility in Knoxville, Tenn. that will serve as the company’s primary sales center. The office will have...
View ArticleAllstate Targets Online Insurance Sales; Buys Esurance, Answer Financial
In a bid to capture more business from customers who shop online, giant Allstate Corp. has agreed to pay $1 billion to buy two popular online insurance sellers — Esurance and the associated site,...
View ArticleRatings Analyst Views Allstate Buy of Esurance Positively
Allstate Insurance Corp.’s plan to buy Esurance Insurance Group is being viewed positively by a key ratings analyst. A.M. Best Co. placed the financial strength rating of A- (Excellent) and issuer...
View ArticleAllstate Closes on $1 Billion Acquisition of Esurance, Answer Financial
The Allstate Corp. said it has obtained all required regulatory approvals and closed its acquisition of Esurance and Answer Financial from White Mountains Insurance Group Ltd. The purchase price was...
View ArticleAllstate Doubles Q4 Profit
Allstate Corp. reported that its profit more than doubled in the fourth quarter thanks to lower catastrophe losses and improved homeowners business. The big insurance company posted a fourth quarter...
View ArticleAnswer Financial Relocating Main Tennessee Sales Center to Knoxville
Online insurance agency Answer Financial Inc. is relocating its main Tennessee call center to West Knoxville. The office is slated to open next week. The agency is celebrating its new state-of-the-art...
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