✉news BusinessRetail first seen 5 h ago, last 7 min ago, peak #9
Everest sells its Canadian retail insurance operation
Original: Everest sells its Canadian retail operation
Bermuda-based reinsurer Everest has sold its Canadian retail insurance operation, offloading the business that wrote primary commercial coverage in Canada. The move points to a continued retreat from retail insurance so the company can concentrate on its core reinsurance business. The price and the buyer have not been disclosed in the initial report.
Why now: The divestment signals Everest's strategic shift back toward reinsurance, which matters to insurers, brokers and clients in the Canadian market.
Evidence
- Everest sells its Canadian retail operation · businessinsurance.com
API: https://socialmediatrends-api.osmike.com/v1/trends/749257