Market Overview

Allstate Hires Soros' Ex-risk Manager (ALL)

Allstate Hires Soros' Ex-risk Manager ALL

Allstate Corp. (NYSE: ALL) has hired former Soros Fund Management LLC risk manager Peruvemba Satish. Satish has been appointed as managing director and chief risk officer. He will manage Allstate’s (ALL) $100 billion investment portfolio.

Satish has over 10 years of risk-management experience. Allstate suffered huge losses during the recent financial crisis. Allstate realized $1.9 billion in investment losses during fourth quarter of 2008. The motor insurer has been trying to pare its risks.

Posted-In: News Management Markets


Related Articles (ALL)

View Comments and Join the Discussion!
Fastest Market News Application
You'll Hear It First On Pro
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

Unum Group CEO Sold 50,000 Shares On Feb. 16 (UNM)

Google Allowed To Buy Power In Bulk (GOOG)