Allstate Names Chandra COO

The Allstate Corp. announced that Anurag Chandra will join Allstate Financial as COO, effective Jan. 31. In his new role, Chandra will be responsible for product development, asset liability management, underwriting and wholesaling for the company's life and annuity lines of business. He will report to Matthew Winter, Allstate Financial's president and CEO.

"Anurag's significant operational experience and broad insurance industry knowledge will help drive Allstate Financial's long-term strategy and enhance our ability to deliver growth," Winter says. "Anurag's expertise in repositioning a business to align its core capabilities with marketplace demand is particularly relevant to what we're doing at Allstate Financial, as we refocus on our core business of insurance, retirement and investment products."

Prior to joining Allstate, Chandra was EVP and COO for HealthMarkets Inc., located in North Richland Hills, Texas. As part of the company's repositioning, Chandra helped lead the 2009 launch of Insphere Insurance Solutions, an insurance agency subsidiary that distributes small business and middle-income market insurance products in 50 states and the District of Columbia. Before joining HealthMarkets in 2008, Chandra held senior operating and strategic development roles at Aquiline Capital Partners, Nationwide Financial Services and the Bankers Life and Casualty subsidiary of Conseco. He began his career as a consultant with McKinsey and Company's financial institution practice.

 

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