✉news BusinessRetail first seen 12 h ago, last 1 h ago, peak #8
Everest Sells Canadian Retail Ops; Gallagher Buys New Zealand Broker
Original: 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, a New Zealand insurance brokerage. The two transactions signal continued consolidation and portfolio reshaping in the insurance industry, with large firms adjusting regional footprints and mid-sized brokers being absorbed by global players across Canada and Australasia.
Why now: M&A activity among major insurers is drawing attention from industry watchers tracking consolidation trends.
EverestWawanesa Mutual InsuranceArthur J. Gallagher & Co.Albany Insurance Services
Evidence
- Business Moves: Everest Completes Sale of Canadian Retail Operations to Wawanesa; Arthur J. Gallagher & Co. Buys New Zealand's Albany Insurance Services · Insurance Journal
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