Allstate close to selling annuity book to FGL Holdings – sources

U.S. insurer Allstate Corp has entered into exclusive talks to sell a book of insurance policies from an area where it no longer generates new business to smaller peer FGL Holdings, people familiar with the matter said on Wednesday. Spokespeople for Allstate and FGL Holdings declined to comment. The book of business which Allstate is seeking to sell includes a selection of annuity products, as well as structured settlement policies, the sources said.