Everest Completes Sale of Canadian Retail Insurance Operations to Wawanesa
Business Wire•01/10/2026•10:47 ET
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Key Highlights
- ➤Everest (EG) completes sale of Canadian Retail Insurance operations to Wawanesa
- ➤Transaction receives required regulatory approvals and satisfies customary closing conditions
- ➤Everest advances exit from Commercial Retail Insurance operations
- ➤Sale sharpens Everest’s focus on Reinsurance and Global Wholesale and Specialty businesses
Expert Statements
Jim Williamson, President and CEO of Everest
“The completion of this transaction further sharpens Everest’s portfolio and positions the Company to concentrate its capital and capabilities on its core Reinsurance and Global Wholesale and Specialty Insurance businesses.”
Jim Williamson, President and CEO of Everest
“We thank our Canadian colleagues for their contributions and wish them continued success with Wawanesa.”
Everest Completes Sale of Canadian Retail Insurance Operations to Wawanesa
Everest Group, Ltd. (“Everest” or “the Company”) (NYSE: EG), a global specialty reinsurance and insurance leader, today announced the completion of the previously announced sale of its Canadian Retail Insurance operations, Everest Insurance Company of Canada (“Everest Canada”), to The Wawanesa Mutual Insurance Company (“Wawanesa”) following receipt of required regulatory approvals and satisfaction of customary closing conditions.
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