EG News & Events

Everest Group announced that it has partnered with Stone Point Insurance Solutions to launch Annapurna, a Bermuda-based casualty reinsurance sidecar. Funds managed by Stone Point will serve as the inaugural, anchor investors in this multi-year vehicle. As part of the transaction, Annapurna is expected to deploy approximately $600M of third-party capital, providing dedicated reinsurance capacity to support Everest's global casualty and specialty reinsurance portfolios over a three-year underwriting period.

Everest Group (EG) announced a definitive agreement to sell Everest Compania de Seguros Generales Colombia S.A. to American International Group (AIG). The transaction builds on Everest's previously announced sale of its global Commercial Retail Insurance renewal rights to AIG and the sale of its Canada Retail Insurance operations, marking another key step in the Company's strategy to focus the portfolio on its core Global Reinsurance and Wholesale and Specialty Insurance businesses. The transaction is expected to close in early 2027, subject to customary regulatory approvals and closing conditions.