(March 12 – 14:40 ET) – Clarica and Allstate Insurance Co. of Canada have broadened an existing distribution agreement to allow Allstate’s national network agents access to Clarica’s market-based funds.

Allstate Canada and Clarica first partnered in 1998, allowing Allstate agents to market and sell selected Clarica products, including life and health insurance.

John Riley, Clarica’s vice president, sales force support, said “the expanded agreement will allow Allstate agents to refer customers seeking wealth accumulation products to Clarica agents, and receive a referral fee.” The agreement is subject to regulatory approval and the signing of a definitive agreement.

George Hill, Allstate’s vice president, sales, said “this is about offering the market’s best to consumers. With Allstate as a leader in property and casualty insurance, and Clarica a leader in insurance and financial investments, together we offer Canadian consumers incomparable strength, protection and expertise.”