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Everest sells Mexican unit to Fairfax
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Business Insurance
Everest sells Mexican unit to FairfaxBermuda-headquartered Everest Group Ltd. has agreed to sell its Mexico business, Compañía de Seguros Generales Everest México, to Canadian firm Fairfax Financial Holdings Ltd., Global Reinsurance reported.
The deal, expected to be completed in 2027, is part of the group’s planned exit from its remaining commercial retail insurance businesses as it narrows its focus on reinsurance and global wholesale and specialty insurance.