The insurance division is also set to be put up for sale, or as a separate company through an initial public offering.
After the sale of its insurance division, the company employed approximately 1,400 people.
The company still has a barge business, energy interests and an insurance division.
I was given quotations on the risk insurance divisions of all Krim companies.
Allstate, the insurance division, said that third-quarter income rose 45 percent before the tax charge.
But he has returned to the public sector, to become superintendent of the state's insurance division.
He succeeds Andrew Sawyer, who will serve as president of the insurance division.
The insurance division has life, health, and property bureaus.
He has headed the company's lucrative international commercial insurance division.
The insurance division had a $138.8 million fourth-quarter loss.
