The Standard Completes Acquisition of Allstate Employer Voluntary Benefits Business
The Standard has successfully completed its acquisition of Allstate's Employer Voluntary Benefits business, as announced on August 13, 2024. The deal includes a future distribution partnership enabling The Standard's products and services to reach Allstate customers.
The acquisition primarily involves American Heritage Life Insurance Company, which will eventually operate under The Standard brand. Dan McMillan, president and CEO of The Standard, emphasized that this strategic move will accelerate their growth and deliver one of the market's most comprehensive workplace benefits portfolios.
Both companies, recognized as leading workplace benefits providers, are focusing on ensuring a seamless transition for clients and partners while maintaining their shared commitment to customer service.
The Standard ha completato con successo l'acquisizione del business Benefici Volontari per i Dipendenti di Allstate, come annunciato il 13 agosto 2024. L'accordo include una futura partnership di distribuzione che consentirà ai prodotti e servizi di The Standard di raggiungere i clienti di Allstate.
L'acquisizione coinvolge principalmente American Heritage Life Insurance Company, che opererà sotto il marchio The Standard. Dan McMillan, presidente e CEO di The Standard, ha sottolineato che questa mossa strategica accelererà la loro crescita e offrirà uno dei portafogli di benefici per il lavoro più completi del mercato.
Entrambe le aziende, riconosciute come fornitori leader di benefici per il lavoro, si stanno concentrando sull'assicurare una transizione senza intoppi per i clienti e i partner, mantenendo il loro impegno condiviso per il servizio clienti.
The Standard ha completado con éxito la adquisición del negocio de Beneficios Voluntarios para Empleadores de Allstate, como se anunció el 13 de agosto de 2024. El acuerdo incluye una futura asociación de distribución que permitirá que los productos y servicios de The Standard lleguen a los clientes de Allstate.
La adquisición involucra principalmente a American Heritage Life Insurance Company, que eventualmente operará bajo la marca The Standard. Dan McMillan, presidente y CEO de The Standard, enfatizó que este movimiento estratégico acelerará su crecimiento y ofrecerá uno de los portafolios de beneficios laborales más completos del mercado.
Ambas empresas, reconocidas como proveedores líderes de beneficios laborales, se están enfocando en asegurar una transición sin problemas para los clientes y socios, manteniendo su compromiso compartido con el servicio al cliente.
더 스탠다드는 2024년 8월 13일 발표된 바와 같이 올스테이트의 고용자 자발적 복리후생 사업 인수를 성공적으로 완료했습니다. 이번 거래에는 더 스탠다드의 제품과 서비스가 올스테이트 고객에게 도달할 수 있도록 하는 향후 유통 파트너십이 포함되어 있습니다.
이번 인수는 주로 아메리칸 헤리티지 생명보험 회사와 관련이 있으며, 궁극적으로 더 스탠다드 브랜드로 운영될 것입니다. 더 스탠다드의 회장 겸 CEO인 댄 맥밀란은 이 전략적 조치가 그들의 성장을 가속화하고 시장에서 가장 포괄적인 직장 복리후생 포트폴리오 중 하나를 제공할 것이라고 강조했습니다.
두 회사는 직장 복리후생 제공업체로서의 리더로 인정받고 있으며, 고객과 파트너를 위한 매끄러운 전환을 보장하는 데 집중하고 있으며, 고객 서비스에 대한 공동의 의지를 유지하고 있습니다.
The Standard a réussi à finaliser l'acquisition de l'activité des Avantages Volontaires pour Employeurs d'Allstate, comme annoncé le 13 août 2024. L'accord comprend un futur partenariat de distribution permettant aux produits et services de The Standard d'atteindre les clients d'Allstate.
L'acquisition concerne principalement American Heritage Life Insurance Company, qui fonctionnera finalement sous la marque The Standard. Dan McMillan, président et PDG de The Standard, a souligné que ce mouvement stratégique accélérera leur croissance et offrira l'un des portefeuilles d'avantages au travail les plus complets du marché.
Les deux entreprises, reconnues comme des fournisseurs de premier plan d'avantages au travail, se concentrent sur l'assurance d'une transition fluide pour les clients et les partenaires tout en maintenant leur engagement commun envers le service client.
The Standard hat erfolgreich die Übernahme des Arbeitgeber- freiwilligen Leistungsbereichs von Allstate abgeschlossen, wie am 13. August 2024 angekündigt. Der Deal umfasst eine zukünftige Vertriebspartnerschaft, die es den Produkten und Dienstleistungen von The Standard ermöglicht, Allstate-Kunden zu erreichen.
Die Übernahme betrifft hauptsächlich die American Heritage Life Insurance Company, die letztendlich unter der Marke The Standard operieren wird. Dan McMillan, Präsident und CEO von The Standard, betonte, dass dieser strategische Schritt ihr Wachstum beschleunigen und eines der umfassendsten Portfolios an Arbeitsplatzleistungen auf dem Markt bieten wird.
Beide Unternehmen, die als führende Anbieter von Arbeitsplatzleistungen anerkannt sind, konzentrieren sich darauf, einen reibungslosen Übergang für Kunden und Partner zu gewährleisten und gleichzeitig ihr gemeinsames Engagement für den Kundenservice aufrechtzuerhalten.
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“This transaction presented a unique opportunity to accelerate our growth strategy and deliver one of the most comprehensive workplace benefits portfolios in the market,” said Dan McMillan, president and CEO of The Standard. “I look forward to welcoming the Allstate employees and customers to The Standard.”
The transaction combines the deep expertise of two leading workplace benefits providers who share a commitment to customer service. The acquired Allstate Employer Voluntary Benefits business, which is largely comprised of American Heritage Life Insurance Company, will operate under The Standard brand after a period of time. The companies are committed to a seamless transition for clients and partners.
About The Standard
The Standard is a family of companies dedicated to helping customers achieve financial well-being and peace of mind. In business since 1906, we are a leading provider of financial protection products and services for employers and individuals. Our products include group and individual disability insurance, group life and accidental death and dismemberment insurance, group dental and group vision insurance, voluntary and supplemental benefits, absence management and paid family leave services, retirement plans products and services and individual annuities. For more information about The Standard, visit standard.com and follow us on LinkedIn and Instagram.
About Allstate
The Allstate Corporation (NYSE: ALL) protects people from life’s uncertainties with a wide array of protection for autos, homes, electronic devices, and identity theft. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online, and at the workplace. Allstate is widely known for the slogan “You’re in Good Hands with Allstate.” For more information, visit www.allstate.com.
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/20250331217178/en/
The Standard
Melissa Wilmot
(971) 321-4976
Melissa.Wilmot@standard.com
Allstate
Nick Nottoli
(847) 402-5600
Allister Gobin
(847) 402-2800
Source: The Standard
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