Insurance

  2009 JUL 3 - (VerticalNews.com) -- On Thursday, June 11, 2009, Allstate Life Insurance Company ("Allstate Life"), as sponsor of the Allstate Life Global Funding Medium Term Note Program, announced the early tender results of the maximum tender offers (the "Maximum Tender Offers") of the Allstate Life Global Funding Trusts listed in the table below (the "Issuers") to purchase up to $654,679,000 of the secured medium term notes of such Issuers (the "Securities" and each a "Series" of Securities) in accordance with and subject to the terms set forth in the Offer to Purchase dated May 28, 2009 (the "Offer to Purchase") ...read more

  2009 JUN 26 - (VerticalNews.com) -- On Friday, June 5, 2009, Allstate Life Insurance Company ("Allstate Life"), as sponsor of the Allstate Life Global Funding Medium Term Note Program, announced the final results of the any and all offers (the "Any and All Offers") of the Allstate Life Global Funding Trusts listed in the table below (the "Issuing Trusts") to purchase any and all of the secured medium term notes of such Issuing Trusts (the "Securities"). The Any and All Offers expired at 5 p.m., New York City time, on June 4, 2009. The Issuing Trusts have accepted for payment all Securities validly tendered and not validly withdrawn pursuant to the Any and All Offers and Allstate Life has agreed to make the appropriate early payments under the funding agreements securing the Securities for the benefit of each of the respective Issuing Trusts. According to Global Bondholder Services Corporation, the following table summarizes the aggregate principal amount of Securities of each Issuing Trust validly tendered and not validly withdrawn at or before 5:00 p.m., New York City time, on June 4, 2009, the expiration of the Any and All Offers. The Issuing Trusts expect that the applicable payments for the Securities purchased pursuant to the Any and All Offers will be made by Global Bondholder Services Corporation, on behalf of the Issuing Trusts, in same-day funds on June 5, 2009 ...read more

  2009 JUN 19 - (VerticalNews.com) -- On Thursday, May 28, 2009, Allstate Life Insurance Company ("Allstate Life"), as sponsor of the Allstate Life Global Funding Medium Term Note Program, announced cash tender offers of the Allstate Life Global Funding Trusts listed in the table below (the "Issuing Trusts") for up to $1.6 billion aggregate principal amount of outstanding secured medium term notes (the "Securities") of such Issuing Trusts. In connection therewith, Allstate Life announced its agreement to make appropriate early payments under the funding agreements securing the Securities, which payments will fund such tender offers. The purpose of the tender offers is to reduce the amount of outstanding obligations of the Issuing Trusts under the Securities and Allstate Life's funding agreement obligations, as well as the related interest expense. Consistent with their strategy to maintain financial strength, The Allstate Corporation and its subsidiaries, including Allstate Life, have continued to maintain strong liquidity and capital positions. At March 31, 2009, Allstate Life had approximately $8.9 billion of cash and liquid investments convertible to cash within one quarter without generating significant additional net realized capital losses, which included funds available to prepay its upcoming funding agreement obligations. Allstate Life Global Funding Trust ...read more