Everest Group has agreed to sell Everest Compañía de Seguros Generales Colombia S.A. to American International Group. The company said the deal supports its plan to focus on global reinsurance and wholesale and specialty insurance.
The transaction follows Everest’s previously announced sale of global Commercial Retail Insurance renewal rights to AIG. It also comes after the sale of Everest’s Canada Retail Insurance operations.
Everest President and CEO Jim Williamson said the agreement reflects continued progress in reshaping the company’s portfolio. He said the deal places a strong business with an owner positioned to support its next phase of growth.
Williamson said the sale allows Everest to strengthen its position in markets and capabilities where it has the strongest competitive advantage. He also said the Colombia team has built a respected franchise.
The transaction is expected to close in early 2027. It remains subject to customary regulatory approvals and closing conditions.
Guy Carpenter Capital & Advisory, a division of MMC Securities LLC, is serving as financial adviser to Everest. Debevoise & Plimpton LLP is acting as legal counsel.
Everest is a global underwriting group offering property, casualty, and specialty reinsurance and insurance. The company said its strategy remains centered on disciplined underwriting, capital management, and risk management.
