AIG To Acquire Everest Group's Insurance Operations In Colombia; Financial Terms Not Disclosed

The acquisition of Everest Colombia strengthens AIG's presence in the Latin America region and supports the company's strategy to drive premium growth.

"This acquisition reinforces AIG's commitment to our Latin America business and will enable us to accelerate our growth in one of the largest and fastest-growing insurance markets in the region," said Jon Hancock, Executive Vice President and Chief Executive Officer, General Insurance, AIG. "With this acquisition, we are gaining a highly experienced team whose talent and deep understanding of the local market will strengthen our capabilities. Everest Colombia's focus on corporate and upper-middle-market clients aligns with AIG's commitment to expand our commercial insurance offerings to clients and brokers across the Latin America region."

Upon completion of the transaction, subsidiaries of AIG will acquire 100 percent of the equity of Everest Colombia, including its licensed operations, employees and ongoing insurance business. AIG and Everest will work closely to ensure a seamless transition for clients, brokers and colleagues.

The transaction is expected to close in early 2027, subject to regulatory approvals and other customary closing conditions.