American International Group has signed a definitive agreement to acquire Everest Compañía de Seguros Generales Chile from Everest Group and has completed its acquisition of Everest's Colombian insurance operations, the company said on 30 October 2026.
Why American International Group, Inc. (AIG) is buying Everest Compañía de Seguros Generales Chile S.A. (from Everest Group)
AIG said Everest Chile, which serves corporate and upper-middle-market clients in property, energy, marine, financial lines and casualty, expands its commercial insurance capabilities in the region. Everest is selling its commercial retail insurance operations to concentrate on reinsurance and wholesale and specialty insurance.
“Our acquisition of Everest Chile represents another important step in expanding our commercial insurance capabilities”
Deal terms and financing
AIG subsidiaries will acquire Everest Chile's licensed operations, employees and ongoing insurance business. Financial terms were not disclosed for either transaction.
Regulatory approvals and timing
The Chilean acquisition is expected to close in the first half of 2027, subject to regulatory approvals and customary closing conditions; Everest's quarterly report says early 2027.
Market context
AIG described Colombia and Chile as the fourth- and fifth-largest corporate insurance markets in Latin America.
