Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Life Insurance

Allstate To Review Financial Unit

Your article was successfully shared with the contacts you provided.

A multiline insurance giant has announced the departure of the head of the business that sells life insurance and annuity products.

Allstate Corp., Northbrook, Ill, says James Hohmann, president of Allstate Financial, will leave the company Jan. 5, 2009.

Hohmann, who had been president of Conseco Inc., Carmel, Ind., began working for Allstate in 2007.

“I want to thank Jim Hohmann for his contributions to Allstate and wish him well in his future endeavors,” Allstate Chairman Thomas Wilson says in a statement.

George Ruebenson, president of Allstate Protection, will run Allstate Financial while the company is looking for a new leader for the unit, Allstate says.

“We remain committed to the success of Allstate Financial,” Wilson says.

But, “despite the hard work of our team, we must be more focused on creating a sustainable business model that reflects a new economic environment and reality for our customers,” Wilson says.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.