AIG Agrees to Buy Everest's Chilean Insurance Unit After Closing Colombia Deal

what happened

AIG has signed a binding deal to buy Everest Compañía de Seguros Generales Chile, the Chilean insurance subsidiary of Everest Group. The insurer also said it had completed the purchase of Everest's Colombian unit, which was agreed earlier.

According to TradingView, which republished the companies' press releases, the transactions expand AIG's footprint in Latin America. The Chilean business writes coverage for corporate and upper-middle-market clients, spanning property, energy, marine, financial lines and liability. AIG will take over the licensed operations, staff and existing book of business.

For Everest, the Chilean sale is the last planned divestiture in the region and part of its exit from commercial retail insurance. Completion is slated for the first half of 2027, pending regulatory clearance.

why it matters

Financial terms were not disclosed, so the size of the deal is hard to gauge. For the market it reads as portfolio reshuffling: insurers are trimming retail lines and pushing into corporate cover in fast-growing Latin American markets.

market impact

Insurance: a regional portfolio shift for AIG and Everest, with little visible impact on the wider market

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