AIG Announces Agreement to Acquire Everest’s Insurance Operations in Chile and Completes Acquisition of Everest Colombia
Key Highlights
- ➤AIG agreed to acquire Everest’s Chilean insurance operations, expanding Latin American commercial coverage.
- ➤AIG completed its previously announced acquisition of Everest Colombia.
- ➤Chile transaction expected to close in first half of 2027, pending regulatory approvals.
- ➤Everest Chile serves corporate and upper-middle-market clients across property, energy, marine and casualty lines.
Expert Statements
Jon Hancock, Executive Vice President and Chief Executive Officer, General Insurance, AIG
“Our acquisition of Everest Chile represents another important step in expanding our commercial insurance capabilities for clients and brokers across Latin America, building on our acquisition of Everest’s Colombia business.”
Jon Hancock, Executive Vice President and Chief Executive Officer, General Insurance, AIG
“As the fourth- and fifth- largest corporate insurance markets in Latin America, respectively, Colombia and Chile present strong opportunities as investment in infrastructure, energy, logistics and manufacturing continues to grow, driving demand for more commercial insurance solutions.”
Jon Hancock, Executive Vice President and Chief Executive Officer, General Insurance, AIG
“We look forward to welcoming the talented Everest Chile and Colombia teams to AIG and building on their established relationships as we help solve complex risk challenges for our clients and partners in the market.”
AIG Announces Agreement to Acquire Everest’s Insurance Operations in Chile and Completes Acquisition of Everest Colombia
American International Group, Inc. (NYSE: AIG) today announced it has entered into a definitive agreement to acquire Everest Compañía de Seguros Generales Chile S.A. (“Everest Chile”), Everest Group Ltd.’s (NYSE: EG) insurance subsidiary in Chile. AIG also announced the completion of its previously announced acquisition of Everest Compañía de Seguros Generales Colombia S.A. (“Everest Colombia”). Together, the transactions will further strengthen AIG’s decades-long presence in Latin America and support the company’s long-term growth across one of the world’s fastest-developing insurance markets.
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