Wawanesa to Acquire Everest Insurance Company of Canada
March 23, 2026
The Wawanesa Mutual Insurance Company agreed to acquire all issued and outstanding shares of Everest Insurance Company of Canada, Everest Group’s Canadian retail insurance operations. The acquisition adds specialty commercial insurance products and is expected to contribute approximately $305 million in annual commercial premiums; it remained subject to customary closing conditions, with closing expected in Q4 2026.
- Buyers
- The Wawanesa Mutual Insurance Company
- Targets
- Everest Insurance Company of Canada
- Sellers
- Everest Group, Ltd. (through a wholly owned subsidiary)
- Industry
- Insurance
- Location
- Ontario, Canada
- Transaction Type
- Divestiture
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