American International Group Agrees to Buy Everest's Chile Insurance Unit

11:17 AM EDT, 10/30/2026 (MT Newswires) -- American International Group (AIG) said Friday it has agreed to acquire Everest Group's (EG) insurance operations in Chile and completed its previously announced purchase of Everest's Colombia unit. Financial details were not provided. Everest Chile serves corporate and upper-market clients with property, energy, marine, financial lines, and casualty coverage, and AIG will take on its licenses, employees, and ongoing business, the company said. The Chile acquisition is expected to close in H1 of 2027, subject to regulatory approvals and standard closing conditions, AIG said. Shares of Everest Group were up 2.3% in Friday trading. Price: 81.38, Change: -0.06, Percent Change: -0.07