NU Online News Service, May 4, 2004, 5:19 p.m. EDT – Minnesota Life Insurance Company, St. Paul, Minn., has agreed to acquire Allied Solutions L.L.C., a Carmel, Ind., company that sells insurance and other products to banks.[@@]
The price of the deal was not available, but Minnesota Life says it plans to let Allied continue to operate as a wholly owned subsidiary under its own brand name.
Sales and service personnel who work in Minnesota Life’s regional offices will join the new Allied unit, Minnesota Life says.