Everest to Sell Chile Insurance Unit to AIG, Completing Latin America Exit

Everest Group Ltd. (EG) agreed Friday to sell its Chile insurance business to American International Group Inc. (AIG), the final planned divestiture of its Latin American insurance operations. The Bermuda-based insurer also said it completed the previously disclosed sale of its Colombia unit, Everest Compañía de Seguros Generales Colombia S.A., to AIG. The Chile transaction is expected to close in the first half of 2027. Terms were not disclosed in the announcement. Everest shares rose 2.40% to $410.21 on the NYSE, while AIG shares gained 0.14% to $81.55.