A Blackstone Life Insurer Signs 10-Year Deal With NTT Data

February 1, 2022 by Allison Bell

Abig life and annuity issuer that’s now controlled by Blackstone, an investment manager, has started to show how it will operate.

Everlake Life announced Monday that it has hired NTT Data Services to administer its annuities and life policies for 10 years.

Everlake Life is the Northbrook, Illinois-based company that Blackstone created to hold Allstate Life Insurance Co. and Allstate Assurance Co.

Blackstone affiliates acquired Allstate Life and Allstate Assurance from Allstate Corp. for $4 billion in November.

Click HERE to read the full story via ThinkAdvisor

Originally Posted at ThinkAdvisor on January 31, 2022 by Allison Bell.