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Willkie Farr & Gallagher LLP
10/27/2025 | News release | Distributed by Public on 10/27/2025 15:38
Willkie Advises AIG on Acquisitions of Renewal Rights for a Majority of Everest Group’s Commercial Retail Insurance Portfolios
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Willkie Advises AIG on Acquisitions of Renewal Rights for a Majority of Everest Group's Commercial Retail Insurance Portfolios
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October 27, 2025
Willkie is advising American International Group, Inc. (NYSE: AIG) on its acquisitions of the renewal rights for the majority of Everest Group Ltd.'s (NYSE: EG) global commercial retail insurance portfolios, representing approximately $2 billion of premium in aggregate.
On October 27, AIG announced that it entered into definitive agreements pursuant to which it will obtain all the rights to renew Everest's U.S., U.K., European, and Asia Pacific Commercial Retail businesses.
Exposure to all liabilities will remain with Everest, who will also continue to administer claims with respect to its policies. Other than in the European Union, AIG expects to commence writing policies for existing Everest clients on January 1, 2026. The company expects to expand this work to Everest's European Union portfolios in the first quarter of 2026, subject to regulatory approvals.
American International Group, Inc. is a leading global insurance organization.
The Willkie team is led by partner David Heales and includes partners Robert Rachofsky, Melanie James and Tim Baumgartner and associate Magdi Adab.
David Heales Partner Corporate & Financial Services New York [email protected] +1 212 728 8294
Robert S. Rachofsky Partner Corporate & Financial Services New York [email protected] +1 212 728 8088
Melanie James Partner Corporate & Financial Services London [email protected] +44 20 3580 4724
Tim Baumgartner Partner Corporate & Financial Services London [email protected] +44 20 3580 4723
Magdi Adab Associate Corporate & Financial Services London [email protected] +44 20 3580 4938
Related Practice Areas
Corporate & Financial Services Insurance - Transactional and Regulatory Mergers & Acquisitions Insurance & Reinsurance - Dispute Resolution and Counseling
Willkie Farr & Gallagher LLP published this content on October 27, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on October 27, 2025 at 21:38 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]