(Bloomberg) -- Allstate Corp., the largest publicly traded U.S. car and home insurer, elected former Fidelity Investments money manager Jacques Perold to its board.

The insurer now has 11 directors, Northbrook, Illinois- based Allstate said Tuesday in a statement. Perold, 57, was president of Fidelity Management & Research Co., overseeing a group of mutual funds with about $1.8 trillion under management. He retired from Fidelity in 2014, Allstate said.

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