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AIG Acquires Premium Bank From Everest

AIG will manage renewal rights for Everest’s $2 billion insurance portfolio, enabling portfolio growth without assuming prior liabilities, starting policy writing in 2026.

American International Group has entered into definitive agreements to acquire the renewal rights for a majority of Everest Group’s retail insurance portfolios worldwide, representing in aggregate app...

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The US insurance group AIG acquires the majority of the renewal rights for Everest Group's global retail insurance business from Texas' Dallas. The portfolio has a volume of around two billion US dollars. The purchase is considered an important step in the restructuring phase under Group CEO Peter Zaffino, who has been leading the New York insurer since 2021.

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MyChesCo broke the news in on Monday, October 27, 2025.
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