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Wawanesa Mutual Insurance
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- 1Everest Sells Canadian Retail Ops to Wawanesa; Gallagher Buys Albany▼Business Moves: Everest Completes Sale of Canadian Retail Operations to Wawanesa; Arthur J. Gallagher & Co. Buys New Zealand's Albany Insurance Services
Everest has completed the sale of its Canadian retail insurance operations to Wawanesa Mutual Insurance, while Arthur J. Gallagher & Co. has acquired Albany Insurance Services in New Zealand. The transactions mark continued consolidation in the insurance brokerage and underwriting sector, with insurers reshaping portfolios across North America and Australasia.
- 2Everest Finalises Sale of Canadian Retail Insurance Business to Wawanesa●Everest Completes Sale of Canadian Retail Insurance Operations to Wawanesa
Everest has completed the sale of its Canadian retail insurance operations to Wawanesa Mutual Insurance Company. The deal transfers Everest's retail insurance business in Canada to the Manitoba-based insurer, marking another step in Everest's strategic refocusing of its portfolio. The transaction was announced via press release, though further details on terms and financial impact have not been disclosed.