Everest insurance operations in Colombia Acquired by AIG | Financial Services M&A Deal

AIG has agreed to acquire Everest insurance operations in Colombia, a insurance brokerage business in Colombia. The Everest insurance operations acquisition expands AIG’s presence in the Colombian insurance brokerage market by adding local distribution and client servicing capabilities. AIG acquisitions in financial services M&A focus on strengthening underwriting and intermediary relationships through this strategic acquisition of Everest’s Colombia operations. The deal is structured as a divestiture acquisition and is expected to close after regulatory approvals, with deal size undisclosed.