09:56 AM EDT, 03/23/2026 (MT Newswires) -- Everest (EG) said Monday it has agreed to sell its Canadian retail insurance business, Everest Canada, to Wawanesa Mutual Insurance to strengthen its focus on its core Reinsurance and Global Wholesale and Specialty Insurance businesses.

Financial details were not provided.

The deal is expected to close in H2, subject to regulatory approvals and other closing conditions, the company said.

Shares of Everest rose 1.4% in early Monday trading.

Price: 320.41, Change: +4.38, Percent Change: +1.39