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AIG to Acquire Renewal Rights for a Majority of Everest Group's Retail Insurance Portfolios Worldwide
Businesswireยท 2025-10-27 20:16
Core Viewpoint - American International Group, Inc. (AIG) has entered into definitive agreements to acquire renewal rights for a majority of Everest Group Ltd.'s retail insurance portfolios worldwide, which represent approximately $2 billion in premium [1] Group 1: Acquisition Details - The acquisition involves renewal rights for a significant portion of Everest's retail insurance portfolios globally [1] - AIG will not assume any liabilities associated with the policies, which will remain with Everest [1] - Everest will continue to manage claims related to its policies post-acquisition [1]