--- title: "Everest Announces Agreement to Sell Mexico Insurance Operations to Fairfax | EG Stock News" type: "News" locale: "en" url: "https://longbridge.com/en/news/295025222.md" description: "Everest Group announced a definitive agreement to sell its Mexico insurance operations, Everest Mexico, to Fairfax Financial Holdings. This transaction is part of Everest's strategic exit from commercial retail insurance businesses, following similar sales in Colombia and Canada. The deal aims to refocus the company on core reinsurance and specialty franchises. Expected to close in 2027 pending regulatory approvals, the move positions Everest as a more focused, higher-performing organization." datetime: "2026-08-05T14:30:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295025222.md) - [en](https://longbridge.com/en/news/295025222.md) - [zh-HK](https://longbridge.com/zh-HK/news/295025222.md) --- # Everest Announces Agreement to Sell Mexico Insurance Operations to Fairfax | EG Stock News See more from StockTitan in Google Search and AI answers.Adds StockTitan as a preferred source · opens Google Add on Google HAMILTON, Bermuda--(BUSINESS WIRE)--Everest Group, Ltd. (“Everest” or “the Company”) (NYSE: EG), a global specialty reinsurance and insurance leader, today announced that it has entered into a definitive agreement to sell Compañía de Seguros Generales Everest México S.A. de C.V. (“Everest Mexico”) to Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U). “This agreement reflects the disciplined execution of our strategic priorities and continues the transformation of Everest into a more focused, higher-performing organization,” said Jim Williamson, President and Chief Executive Officer of Everest. “By sharpening our investment in our core Reinsurance and Global Wholesale and Specialty franchises, we are positioning the Company to capitalize on the most attractive opportunities across our portfolio. At the same time, we are pleased to have found a strong long-term owner in Fairfax for our Mexico business. I want to thank our colleagues in Mexico for their dedication and contributions to Everest, and I am confident they will continue to thrive as part of Fairfax.” The transaction follows Everest's recent announcements of agreements to sell its Colombia and Canada insurance operations as part of its planned exit from its remaining commercial retail insurance businesses. It is expected to close in 2027, subject to customary regulatory approvals and closing conditions. Advisors to the transaction include Guy Carpenter Capital & Advisory, a division of MMC Securities LLC, as financial advisor and Debevoise & Plimpton LLP as legal counsel to Everest. **About Everest** Everest Group, Ltd. (Everest) is a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions that address customers’ most pressing challenges. Known for a 50-year track record of disciplined underwriting, capital and risk management, Everest, through its global operating affiliates, is committed to underwriting opportunity for colleagues, customers, shareholders, and communities worldwide. Everest common stock (NYSE: EG) is a component of the S&P 500 index. Additional information about Everest, our people, and our products can be found on our website at www.everestglobal.com. **Forward-looking Statements** This news release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and other U.S. federal securities laws. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the U.S. federal securities laws. Forward-looking statements about the sale transaction, strategic repositioning and Commercial Retail Insurance operations exit plans reflect management’s current expectations based on assumptions we believe are reasonable but are not guarantees of performance. Actual results may differ materially from those contained in forward-looking statements made on behalf of the Company. Forward-looking statements involve risks and uncertainties including the actual impact of the sale transaction, strategic repositioning and Commercial Retail Insurance operations exit plans and other factors described in our SEC filings, including but not limited to our latest Annual Report on Form 10-K. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. View source version on businesswire.com: https://www.businesswire.com/news/home/20260805729128/en/ Media: Dawn Lauer Chief Communications Officer 908.300.7670 Investors: Matt Rohrmann Head of Investor Relations 908.604.7343 Source: Everest Group, Ltd. ### Related Stocks - [EG.US](https://longbridge.com/en/quote/EG.US.md) - [FRFHF.US](https://longbridge.com/en/quote/FRFHF.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) ## Related News & Research - [Polianta Ltd Invests $2 Million in Everest Group, Ltd. $EG](https://longbridge.com/en/news/295321168.md) - [Andrew Peller menggelar rapat pemegang saham khusus terkait transaksi go-private Fairfax](https://longbridge.com/en/news/295577135.md) - [Arabica Coffee Prices Jump as Colombian Earthquake May Disrupt Supplies](https://longbridge.com/en/news/295557289.md) - [Orosur says Colombia earthquake has minor impact on Anza operations, no delays expected](https://longbridge.com/en/news/295509582.md) - [15:11 ETThe Kingdom of Morocco welcomes the Republic of Colombia's Affirmation of Morocco's sovereignty over Western Sahara](https://longbridge.com/en/news/295570268.md)