On March 22, 2026, Everest Underwriting Group (Ireland) Limited, a subsidiary of Everest Group, Ltd., entered into a Purchase and Sale Agreement with The Wawanesa Mutual Insurance Company to sell its Canadian Retail Insurance operations, represented by the Everest Insurance Company of Canada, for CAD 410 million. This transaction is part of Everest's strategic repositioning to focus on its core reinsurance and specialty insurance businesses. The deal is subject to customary closing conditions, including regulatory approvals. Everest's CEO, Jim Williamson, emphasized that this agreement allows the company to realize significant value and transition its employees to a growth-oriented organization. The transaction is expected to close in the second half of 2026, with advisors including Ardea Partners LP and Debevoise & Plimpton LLP for Everest, and TD Securities for Wawanesa.

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