Allstate Corp. Chief Executive Officer Thomas Wilson , who agreed today to buy online auto- insurance seller Esurance from White Mountains Insurance Group Ltd., said he’s seeking to limit rivals’ growth with the deal.
Allstate Corp. Chief Executive Officer Thomas Wilson , who agreed to sell the insurer’s banking unit four months after meeting with the Federal Reserve, said he expects to sidestep tighter regulation by exiting the business.
Allstate Corp.’s Thomas Wilson, who presided over his fourth annual stock decline in five years as chief executive officer, was given total compensation of $11.2 million for 2011, up 20 percent from the previous year.
Allstate Corp. Chief Executive Officer Thomas Wilson said a surge in borrowing by U.S. state and local governments may trim the value of municipal debt holdings, and called for political leaders to cut costs.
Allstate Corp., the largest publicly traded U.S. auto insurer, is investing in energy and real estate as near record-low interest rates squeeze income from bonds, Chairman and Chief Executive Officer Thomas Wilson said.
Allstate Corp., the auto and home insurer with a $99.3 billion investment portfolio, is betting on corporate bonds and building cash holdings as Congress nears a deadline for raising the U.S. debt limit.