Everest Group has disclosed a Chilean divestiture agreement in its Form 10-Q. The filing reads: “On October 30, 2026, the Company entered into a definitive agreement to sell its Chile Commercial Retail Insurance operations”. The buyer named in the filing is American International Group, Inc.
Chile: Buyer and Anticipated Closing
The 10-Q gives the closing expectation for the Chilean transaction in a sentence of its own: “The transaction is anticipated to close in early 2027.”
The agreements for the Mexican, Colombian and Canadian operations and for the renewal rights are described below in the wording of the 10-Q.
Mexico: The Agreement With Fairfax
For Mexico, the 10-Q states that the Company entered into a definitive agreement to sell its Mexican Commercial Retail Insurance Operations, Compañía de Seguros Generales Everest Mexico, S.A. de C.V. (“Everest Mexico”), to Fairfax Financial Holdings Limited (“Fairfax”). The date given for that agreement is August 5, 2026.
In the paragraph on Mexico, the filing says: “The transaction is anticipated to close in 2027.” InsuraBeat has separate coverage of Everest Mexico sale to Fairfax.
Colombia: The Agreement With AIG
The Colombian agreement carries the date May 19, 2026 in the 10-Q. The filing states that the Company entered into a definitive agreement to sell its Colombian Commercial Retail Insurance Operations, Everest Compañía de Seguros Generales Colombia S.A. (“Everest Colombia”), and it names the buyer as American International Group, Inc. (“AIG”).
On closing, the Colombia paragraph reads: “The transaction is anticipated to close during the fourth quarter of 2026.” InsuraBeat has separate coverage of Everest Colombia exit.
Canada: Wawanesa Sale Completed
The 10-Q dates the Canadian agreement to March 22, 2026. It names The Wawanesa Mutual Insurance Company (“Wawanesa”) as the buyer of Everest Insurance Company of Canada (“Everest Canada”).
On completion, the filing states: “On October 1, 2026, the Company announced the completion of the sale to Wawanesa.” It also records that the Company announced the completion of the sale of its Canadian Commercial Retail Insurance Operations.
Renewal Rights Sold to AIG
The 10-Q dates the renewal-rights agreements to October 2025. It states that the Company entered into definitive agreements to sell the renewal rights for certain lines of the commercial retail insurance business in the U.S., U.K., European Union (“E.U.”) and Asia Pacific to AIG.
