NYSE:EGInsurance
Everest Group Canada Sale And Rating Review Create Valuation Questions
Everest Group (NYSE:EG) has agreed to sell 100% of Everest Insurance Company of Canada to The Wawanesa Mutual Insurance Company.
Following the announcement, AM Best placed Everest Canada’s financial strength and credit ratings under review with negative implications.
The proposed transaction is subject to regulatory approvals and closing conditions, adding timing and execution uncertainty for investors and policyholders.
Everest Group is a global reinsurance and insurance provider, and its...