NORTHBROOK, Ill., Jan. 25, 2011 /PRNewswire/ -- The Allstate
Corporation (NYSE: ALL) today announced that Anurag Chandra, 33, will join Allstate Financial
as chief operating officer, effective Jan.
31. Chandra will report to Matthew
Winter, president and chief executive officer, Allstate
Financial.
"Anurag's significant operational experience and broad insurance
industry knowledge will help drive Allstate Financial's long-term
strategy and enhance our ability to deliver growth," said Winter.
"He will be responsible for product development, asset liability
management, underwriting and wholesaling in our life and annuity
lines of business. Anurag's expertise in repositioning a business
to align its core capabilities with marketplace demand is
particularly relevant to what we're doing at Allstate Financial, as
we refocus on our core business of insurance, retirement and
investment products."
Before joining Allstate, Chandra was executive vice president
and chief operating officer for HealthMarkets, Inc., North Richland Hills, Texas, which has grown
from a niche individual health insurance manufacturer into a large
independent distributor of insurance and retirement products for
the self-insured and small business markets. As part of the
company's repositioning, Chandra helped lead the 2009 launch of
Insphere Insurance Solutions, an insurance agency subsidiary which
distributes small business and middle-income market insurance
products in 50 states and the District of
Columbia. Before joining HealthMarkets in 2008, Chandra held
senior operating and strategic development roles at Aquiline
Capital Partners, Nationwide Financial Services and the Bankers
Life and Casualty subsidiary of Conseco. He began his career as a
consultant with McKinsey and Company's financial institution
practice. Chandra received a master's degree in operations research
from the Massachusetts Institute of
Technology's Sloan School of Management, and a bachelor's
degree in computer science from the Indian
Institute of Technology, New
Delhi, India.
The Allstate Corporation (NYSE: ALL) is the nation's largest
publicly held personal lines insurer. Widely known through the
"You're In Good Hands With Allstate®" slogan, Allstate is
reinventing protection and retirement to help more than 17 million
households insure what they have today and better prepare for
tomorrow. Consumers access Allstate insurance products (auto, home,
life and retirement) and services through Allstate agencies,
independent agencies, and Allstate exclusive financial
representatives in the U.S. and Canada, as well as via www.allstate.com and
1-800 Allstate®.
SOURCE The Allstate Corporation