Allstate Insurance Company Names Executive to Head New Risk Transfer Position.

NORTHBROOK, Ill. -- Jeffrey J. Cooper, 51, has joined Allstate Insurance Company as assistant vice president, Protection Finance, Risk Transfer. The position is based out of the company's headquarters in Northbrook, Ill.

In his new role, Cooper will play a key role in ensuring the most effective use of reinsurance and other forms of risk transfer arrangements by the company's property and casualty insurance operations. His responsibilities will be to provide an acceptable return for shareholders on the risks assumed in the company's property business and reduce the variability of earnings due to large or multiple catastrophe events, while providing quality protection to customers.

"Allstate has been executing its strategy to manage our property catastrophe exposure in order to meet the insurance needs of our 17 million Allstate households. As part of that ongoing strategy and risk analysis, Jeff, and a group of very talented people, are helping us implement these changes," explained Thomas J. Wilson, president and chief operating officer, The Allstate Corporation and Allstate Insurance Company.

Cooper, who has over 25 years experience in insurance risk program design and execution, reinsurance brokering and underwriting, was previously the vice president and ceded manager of the ERC Group and Retro Buy Leader for Swiss Re. Prior to that position, Cooper held senior level positions with Employers Re, Kemper Reinsurance Company, Transamerica and Guy Carpenter & Company, Inc. He was also a treaty broker with E.W. Blanch Holdings Inc.

Cooper holds a bachelor's degree in business administration from University of Saint Thomas, located in St. Paul, Minn. He also holds a Chartered Property and Casualty Underwriter (CPCU) designation.

Now celebrating the 75th anniversary of the founding of Allstate Insurance Company, The Allstate Corporation (NYSE: ALL) is the nation's largest publicly held personal lines insurer. Widely known through the "You're In Good Hands With Allstate(R)" slogan, Allstate helps individuals in approximately 17 million households protect what they have today and better prepare for tomorrow through approximately 14,100 exclusive agencies and financial professionals in the U.S. and Canada. Customers can access Allstate products and services such as auto insurance and homeowners insurance through Allstate agencies, or in select states at allstate.com and 1-800 Allstate(R). Encompass(SM) and Deerbrook(R) Insurance brand property and casualty products are sold exclusively through independent agents. The Allstate Financial Group provides life insurance, supplemental accident and health insurance, annuity, banking and retirement products designed for individual, institutional and worksite customers that are distributed through Allstate agencies, independent agencies, financial institutions and broker-dealers.