Willkie Advises AIG on Acquisitions of Renewal Rights for a Majority of Everest Group’s Commercial Retail Insurance Portfolios

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.