Everest to sell Canadian retail insurance operations to Wawanesa for CAD 410M

EVEREST GROUP, LTD.

Purchase price CAD 410M, subject to adjustment, for Everest Insurance Company of Canada.
Closing expected H2 2026; subject to antitrust and insurance regulatory approvals.
Sale follows 2025 sale of global retail commercial renewal rights to AIG; sharpens focus on reinsurance and wholesale/specialty.
Loss portfolio transfer reinsurance agreement with Everest Reinsurance Company (Canadian Branch) for pre-closing liabilities.

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