Everest Group agrees to sell Mexico unit to FairfaxEverest Group said Thursday it has agreed to sell Compañía de Seguros Generales Everest México S.A. de C.V., or Everest Mexico, to Canada-based Fairfax Financial Holdings. The deal follows Everest’s recent agreement to sell its Colombia insurance operations to American International Group and its Canada retail insurance operations to The Wawanesa Mutual Insurance Company as part of its commercial retail insurance exit. AIG purchased Everest’s retail renewal rights last October. Everest last week reported second-quarter net income fell 17.8% to $559 million as catastrophe losses related to the Iran conflict and lower premium volume weighed on results. The Mexico transaction is expected to close in 2027, subject to regulatory approvals and other customary closing conditions.