Everest to divest retail commercial insurance renewal rights to AIG

By Yahoo! Finance   |   1 month ago
Everest to divest retail commercial insurance renewal rights to AIG

Everest Group is selling its Global Retail Commercial Insurance renewal rights to AIG, transferring $2bn of premiums. AIG will take over policy writing in 2026, allowing Everest to focus on its core Reinsurance business. New CEO Jason Keen will oversee Wholesale and Specialty Insurance operations.

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