Allstate Corp. Chief Executive Officer Thomas Wilson reiterated his plan to invest in hard assets such as toll roads and hotels as he scales back on bonds with longer term maturities amid near record-low interest rates.
Dennis Glass, chief executive officer of life insurer Lincoln National Corp., said intelligent investors are backing variable annuities after Warren Buffett’s Berkshire Hathaway Inc. bet on retirement products this week.
Allstate Corp., the largest publicly traded U.S. auto and home insurer, climbed in New York trading after posting a surprise profit for the quarter in which superstorm Sandy struck the U.S. East Coast.
Allstate Corp., the largest publicly traded seller of home and auto coverage in the U.S., will focus on improving life insurance results to meet targets for return on equity, Chief Executive Officer Thomas Wilson said.
Allstate Corp. Chief Executive Officer Thomas Wilson is cutting longer-term bonds from the insurer’s $77.7 billion fixed-income portfolio as he seeks to invest in hotels and toll roads with yields near record lows.
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.