Allstate

Exectras Announces Funding from Tacora Capital

Retrieved on: 
Thursday, November 30, 2023
Technology, Insurance, Human Resources, Payments, Finance, Fintech, Professional Services, Health Insurance, Health, Luigi, Growth, Digital, Paychex, Multimedia, Financial services, Management, Tacora, Allstate

Exectras, the go-to provider for SMBs seeking everyday business services, including merchant services, payroll, health insurance and workers’ compensation, today announced the completion of debt financing from Tacora Capital for up to $30 million.

Key Points: 
  • Exectras, the go-to provider for SMBs seeking everyday business services, including merchant services, payroll, health insurance and workers’ compensation, today announced the completion of debt financing from Tacora Capital for up to $30 million.
  • The funding will be used for acquiring merchant portfolios, organic growth initiatives and internal infrastructure development.
  • Joseph Cherry, President and CEO of Exectras, commented: “We are grateful to have a partner in Tacora that understands our business and is committed to our growth.
  • We look forward to an extended partnership.”
    SFT Capital served as arranger/adviser on the transaction.

Allstate Expands College Football Ties with On-the-Road Correspondent

Retrieved on: 
Wednesday, November 29, 2023
Sports, Entertainment, Social Media, Professional Services, Events, Concerts, General Automotive, Influencer, Automotive, University, Football, Education, Insurance, Communications, Love, Sugar Bowl, Social media, Allstate

Allstate is excited to unveil its pioneering collaboration with renowned social media creator Katie Feeney as the company’s inaugural on-the-road college football correspondent.

Key Points: 
  • Allstate is excited to unveil its pioneering collaboration with renowned social media creator Katie Feeney as the company’s inaugural on-the-road college football correspondent.
  • Feeney will take fans on an exclusive behind-the-scenes journey to some of the most highly anticipated college football games.
  • “If there’s one company that knows college football, it’s Allstate,” Feeney says.
  • From supporting university scholarships through its “Good Hands” Field Goal Net program to honoring student-athletes with the Allstate AFCA Good Works Team®, Allstate is a proud member of the college football community.

Blake Corum Named the 2023 Allstate AFCA Good Works Team® Captain

Retrieved on: 
Tuesday, November 28, 2023
Football, Professional Services, Insurance, Sports, Team, Human, University, Collection, Multimedia, ESPN, Allstate, Community, Athlete, Volunteering

First Team All-American and star running back at the University of Michigan, Blake Corum, adds another prestigious title to his collection as he is named this year’s honorary captain for the 2023 Allstate AFCA Good Works Team®.

Key Points: 
  • First Team All-American and star running back at the University of Michigan, Blake Corum, adds another prestigious title to his collection as he is named this year’s honorary captain for the 2023 Allstate AFCA Good Works Team®.
  • (Photo: Business Wire)
    “It’s an honor to be the captain for the Allstate AFCA Good Works Team,” Corum said.
  • The Allstate AFCA Good Works Team acknowledges college football athletes across divisions for outstanding community service.
  • Learn more about him and the commendable efforts of the 2023 Allstate AFCA Good Works Team at ESPN.com/Allstate .

Allstate Elects Maria Morris to Board of Directors

Retrieved on: 
Tuesday, November 21, 2023
Insurance, Professional Services, Allstate, NYSE, Risk management, Executive, Morris, Catholic Church, Helen Keller International, MetLife, MET, ALL, Management

The Allstate Corporation (NYSE: ALL) announced that Maria Morris, 61, former Executive Vice President, Global Employee Benefits, MetLife (NYSE: MET), has been elected to Allstate’s board of directors, effective January 2, 2024.

Key Points: 
  • The Allstate Corporation (NYSE: ALL) announced that Maria Morris, 61, former Executive Vice President, Global Employee Benefits, MetLife (NYSE: MET), has been elected to Allstate’s board of directors, effective January 2, 2024.
  • “Maria’s board experience in financial services and risk management adds yet another dimension to an exceptional board,” added Allstate Lead Director Gregg Sherrill.
  • “Allstate is a highly trusted brand in a critical industry and a company known for forward-thinking leaders and an experienced board,” said Morris.
  • She is the National Board chair of All Stars Project, and on the boards of Catholic Charities of New York and Helen Keller International.

ISG Study: AI, Customer Experience Are Top 2024 Spending Priorities for Banking, Financial Services & Insurance

Retrieved on: 
Monday, November 20, 2023
Technology, Insurance, Finance, Fintech, Banking, Professional Services, Software, Data Analytics, Data Management, Artificial Intelligence, Hitachi, LLM, Research, TBM, Madison Avenue, Organization, Enterprise architecture, Russell Page, Zions Bancorporation, IBM, Artificial intelligence, Culture, BFSI, Chubb Limited, Ecosystem, ISG, Credit One Bank, Liberty Mutual, Everyday Life, Financial services, Technology Business Management Council, Automation, Operation, Digital product design, Operations and technology management, Growth, AI, Customer experience, Risk management, Management, Life, Infinite, Allstate, Chubb, Nationwide

ISG will present the full study findings at the ISG TechXchange: Banking, Financial Services and Insurance event, December 5 at etc.venues, 360 Madison Avenue, New York City.

Key Points: 
  • ISG will present the full study findings at the ISG TechXchange: Banking, Financial Services and Insurance event, December 5 at etc.venues, 360 Madison Avenue, New York City.
  • “Economic uncertainty has put a laser focus on costs,” said Owen Wheatley, ISG lead partner for Banking and Financial Services and co-host of the event.
  • “As policyholders seek fast, personalized services, data-driven technology opens doors for hyper-personalized offerings,” said Dennis Winkler, Insurance practice lead for ISG and co-host of the event.
  • The ISG TechXchange: Banking, Financial Services and Insurance event is sponsored by Hitachi Vantara, Infinite, IBM and Xebia.

Allstate CEO to Present at Goldman Sachs 2023 U.S. Financial Services Conference

Retrieved on: 
Friday, November 17, 2023
Insurance, Professional Services, Allstate, NYSE, Conference, ALL, Chair, Goldman Sachs

The Allstate Corporation (NYSE: ALL), one of the nation’s largest publicly held personal lines insurers, announced that Tom Wilson, its Chair, President and Chief Executive Officer, will present at the Goldman Sachs U.S. Financial Services Conference at 9:20 a.m. Eastern Time on Wednesday, Dec. 6.

Key Points: 
  • The Allstate Corporation (NYSE: ALL), one of the nation’s largest publicly held personal lines insurers, announced that Tom Wilson, its Chair, President and Chief Executive Officer, will present at the Goldman Sachs U.S. Financial Services Conference at 9:20 a.m. Eastern Time on Wednesday, Dec. 6.
  • A webcast of the presentation can be accessed at www.allstateinvestors.com .
  • A replay will also be posted there shortly after the presentation ends.
  • Financial information, including material announcements about The Allstate Corporation, is routinely posted on www.allstateinvestors.com .

Allstate Announces October 2023 Implemented Rates

Retrieved on: 
Thursday, November 16, 2023
Insurance, Professional Services, Allstate, NYSE, ALL

The Allstate Corporation (NYSE: ALL) today announced implemented auto and homeowners insurance rates for October 2023.

Key Points: 
  • The Allstate Corporation (NYSE: ALL) today announced implemented auto and homeowners insurance rates for October 2023.
  • “Allstate continued to implement significant auto and homeowners insurance rate actions as part of our comprehensive plan to improve profitability.
  • Implemented rate increases and inflation in insured home replacement costs resulted in a 12.2% increase in homeowners insurance average gross written premium in October 2023 compared to the prior year,” said Jess Merten, Chief Financial Officer of The Allstate Corporation.
  • Our implemented rate exhibit for auto and homeowners insurance has been posted on www.allstateinvestors.com .

AM Best Downgrades Credit Ratings of Lincoln Benefit Life Company; Affirms Credit Ratings of United Life Insurance Company, Guaranty Income Life Insurance Company and Kuvare Life Re Ltd.

Retrieved on: 
Thursday, November 16, 2023
Professional Services, Insurance, Finance, ERM, LBL, Credit, Allstate, AM Best, Growth, Good, News, FSR, ALL, Risk management

In addition, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICR of “a-” (Excellent) of Guaranty Income Life Insurance Company (GILIC) (headquartered in Baton Rouge, LA) and United Life Insurance Company (ULIC) (Cedar Rapids, IA).

Key Points: 
  • In addition, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICR of “a-” (Excellent) of Guaranty Income Life Insurance Company (GILIC) (headquartered in Baton Rouge, LA) and United Life Insurance Company (ULIC) (Cedar Rapids, IA).
  • Concurrently, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICR of “a-” (Excellent) of Kuvare Life Re Ltd. (Kuvare Re) (Bermuda).
  • Additionally, Guaranty Income Life Insurance Group’s reserve book is heavily weighted in interest sensitive reserves with a concentrated product profile.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .

Allstate Announces Quarterly Dividend

Retrieved on: 
Wednesday, November 15, 2023
Insurance, Professional Services, Allstate, ALL, NYSE

The Allstate Corporation (NYSE: ALL) today announced its board of directors has approved a quarterly dividend of 89 cents on each outstanding share of the corporation's common stock, payable in cash on Jan. 2, 2024, to stockholders of record at the close of business on Nov. 30, 2023.

Key Points: 
  • The Allstate Corporation (NYSE: ALL) today announced its board of directors has approved a quarterly dividend of 89 cents on each outstanding share of the corporation's common stock, payable in cash on Jan. 2, 2024, to stockholders of record at the close of business on Nov. 30, 2023.
  • Financial information, including material announcements about The Allstate Corporation, is routinely posted on www.allstateinvestors.com .
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20231115972564/en/

Nick Taylor to Assume Role of CEO in Planned Leadership Transition at AMBA

Retrieved on: 
Wednesday, November 8, 2023
Insurance, Bank, Strategic planning, Heart, AMBA, MBA, Economics, Growth, Bank of America, Marketing, Executive, University, Amba, Allstate, Champaign–Urbana metropolitan area, Management

Cardinal and Taylor have worked together for almost 20 years, including jointly leading AMBA for the past six years as CEO and President, respectively.

Key Points: 
  • Cardinal and Taylor have worked together for almost 20 years, including jointly leading AMBA for the past six years as CEO and President, respectively.
  • AMBA has been one of the fastest-growing businesses in the affinity benefits industry since Cardinal and Taylor became CEO and President in early 2017.
  • "As we set our sights on the future, there's no one better suited to lead AMBA than Nick Taylor," Cardinal said of the transition.
  • As we move forward, I am confident that under Nick's leadership, AMBA will reach even greater heights."