EG News & Events

American International Group (AIG) entered into a definitive agreement to acquire Everest Compania de Seguros Generales Colombia, Everest Group's (EG) insurance subsidiary in Colombia. The acquisition of Everest Colombia strengthens AIG's presence in the Latin America region and supports the company's strategy to drive premium growth. Upon completion of the transaction, subsidiaries of AIG will acquire 100 percent of the equity of Everest Colombia, including its licensed operations, employees and ongoing insurance business. AIG and Everest will work closely to ensure a seamless transition for clients, brokers and colleagues. The transaction is expected to close in early 2027, subject to regulatory approvals and other customary closing conditions.

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.