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Everest Insurance sells operation in Chile to AIG

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 08/11/2026, 15:56:24 UTC.

Briefings

Everest Group sold its Chilean insurance operations and Colombian subsidiary to American International Group (AIG) in November 2026. The transaction involves transferring commercial insurance activities, workers, and active policy portfolios to AIG subsidiaries. AIG plans to expand its commercial insurance presence in Latin America, aligning with a broader restructuring to focus on reinsurance and specialized gross lines. The Chilean operation is expected to close in the first half of 2027 pending regulatory approvals. AIG executives described the move as a significant step toward building a stronger organization focused on long-term value generation.

Key points

• Everest Group sold its Chilean insurance operations and Colombian subsidiary to American International Group (AIG) in November 2026.
• The transaction involves transferring commercial insurance activities, workers, and active policy portfolios to AIG subsidiaries.

Context

Everest Group is restructuring its business to focus on reinsurance and specialized gross lines, abandoning retail commercial insurance. This sale is part of a broader strategy to expand commercial insurance capabilities in Latin America, specifically targeting medium and large enterprise clients.

Limitations

Transaction details are subject to regulatory approvals and conditions. The Chilean operation is expected to close in the first half of 2027. Specific financial figures for the portfolio transfer are not fully detailed in the provided evidence.

Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 08/11/2026, 16:09:22 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.

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