Hyatt Legal Acquires Group Legal Plans Business From Allstate
Hyatt Legal Plans, a subsidiary of MetLife Company and a provider of group legal plans, has acquired Allstate’s group legal plans business, known as 'Signature LegalCare'. The financial terms of transaction were not disclosed.
According to MetLife, with this acquisition Hyatt Legal Plans will demonstrate service and capabilities to Allstate’s signature LegalCare sponsors and plan members, including access to the US attorney network. It will be working over the next several weeks to make the administrative transitions efficient.
The Allstate is a publicly held personal lines insurer. The company provides consumers with access to its insurance products including auto, home, life and retirement plans and services through its agencies, independent agencies, and financial representatives in the US and Canada.
Patrick O’Brien, assistant vice president of Allstate, said: “The size and strength of MetLife and the expertise of Hyatt Legal Plans are assurances that this business acquisition is in the best interest of customers.”
Latest News
Related News
General Insurance> Commercial lines
General Insurance> Personal Lines
Related Dates
2010> July
Related Industries
Financial Services> Insurance> Non-Life Insurance> Commercial Insurance> Group Accident and Health
Financial Services> Insurance> Non-Life Insurance> Personal Insurance
Related Insight
Suppliers Directory
Life Insurance & Pensions
Intermediaries Brokerage Underwriting London Lloyds
Reinsurance
Technology Technology in Insurance Outsourcing
Regulatory & Risk
Intelligence
Allianz SE (Allianz) is one of the leading global financial services providers, offering a range of banking, asset management and insurance services. The company was formerly known as Allianz AG. Allianz is the parent company for the Allianz Group of companies. The company is one of leading insurance providers in the property and causality, and life insurance in the global market. Allianz is one of the major players in the German insurance market. The company, combined with its subsidiaries, serves over 75 million customers in more than 70 countries across Europe, Asia-Pacific, America and Africa. The company's banking operations are conducted through Dresdner Bank AG and its subsidiaries. Global Markets Direct’s Allianz SE - Financial and Strategic Analysis Review is an in-depth business, strategic and financial analysis of Allianz SE. The report provides a comprehensive insight into the company, including business structure and operations, executive biographies and key competitors. The hallmark of the report is the detailed strategic analysis of the company. This highlights its strengths and weaknesses and the opportunities and threats it faces going forward. Reports Buy online from $125

Comments may be moderated for spam, obscenities or defamation.