AIG to Acquire Renewal Rights of Everest’s Retail Commercial Business Worth $2B
By Chad Hemenway | October 27, 2025
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I have limited time to read every detail, but the line below is confusing:
AIG said exposure to liabilities will remain with Everest,
I assume this refers to inforce or expired policies written by Everest. The wording is certainly unclear.
Wonder how many people will lose their jobs :(
Already heard from an underwriter here in CA she is out of a job.