American International Group Signs Agreements To Buy Renewal Rights For Majority Of Everest's Retail Insurance Portfolio; Terms Not Disclosed

Author: Benzinga Newsdesk | October 27, 2025 03:17pm

American International Group, Inc. (NYSE:AIG) today announced that it has entered into definitive agreements to acquire the renewal rights for a majority of Everest Group Ltd.'s (NYSE:EG) retail insurance portfolios worldwide, representing in aggregate approximately $2 billion of premium. Exposure to all liabilities will remain with Everest, who will also continue to administer claims with respect to its policies.

Terms of the agreements were not disclosed. Other than in the European Union, AIG expects to commence writing policies for existing Everest clients on January 1, 2026. The company expects to expand this work to Everest's European Union portfolios in the first quarter of 2026, subject to regulatory approvals.

Posted In: AIG EG