Everest Group Sells Retail Commercial Insurance Renewal Rights to AIG

Everest Group, Ltd. has entered into definitive agreements to sell the renewal rights for its Global Retail Commercial Insurance business to American International Group, Inc. (AIG). The transactions involve the sale of renewal rights for U.S., U.K., European, and Asia Pacific Commercial Retail businesses, totaling an estimated $2 billion in aggregate gross premiums written. The deal includes a Master Transaction Agreement with an aggregate purchase price of $252 million and additional payments for transaction structuring and expenses. The closing of the transaction occurred on October 26, 2025, and is subject to antitrust approvals and customary closing conditions. The transactions aim to sharpen Everest's focus on its core global Reinsurance business and position the company for strong performance across market cycles.