AIG completes acquisition of Everest insurer in Colombia and advances regional expansion
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American International Group (AIG) announced that it has finalized the acquisition of Everest Compañía de Seguros Generales Colombia. Added to this transaction was the signing of an agreement to acquire the operations of Everest Chile, as part of its strategy to further strengthen its presence in Latin America. "Colombia and Chile, as the fourth and fifth largest corporate insurance markets in Latin America, respectively, offer great opportunities as investment in infrastructure, energy, logistics, and manufacturing continues to grow, driving demand for more commercial insurance solutions," highlighted Jon Hancock, executive vice president and CEO of general insurance at AIG. Hancock also emphasized that this operation represents an important step in expanding its commercial insurance capabilities for clients and brokers throughout the region. Highlight: Luz Stella Murgas, Juan Camilo Nariño, and Carlos de Hart: the finalists to be the new president of ANDI "We are pleased to welcome the talented teams of Everest Chile and Colombia to AIG and to strengthen their already established relationships to help solve the complex risk challenges of our clients and partners in the market," he added. In the case of Everest Chile, once the transaction is completed, AIG subsidiaries will acquire the authorized operations, employees, and ongoing insurance business. Accordingly, the...
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