On 30 October 2026, AIG said it had entered a definitive agreement to acquire Everest Compañía de Seguros Generales Chile S.A. — Everest Chile — the Chilean insurance subsidiary of Everest Group Ltd. In the same announcement it confirmed that its previously announced acquisition of Everest Compañía de Seguros Generales Colombia S.A. had closed.
That same day and in a separate announcement, Arch Insurance North America agreed to acquire Premier Dealer Holding Corp, the parent of Premier Dealer Services (PDS) of Dublin, Ohio.
Two insurance deals, two continents, one shared feature: neither came with a price. Neither announcement disclosed financial terms, so neither tells you what the businesses are worth, what multiple was paid, or whether either buyer expects a return above its cost of capital. What they do disclose is more concrete, and for anyone tracking how insurers spend, more useful: which assets, people and relationships move, and which regulators still control the timing.
In Chile, AIG is buying the company, not just a book
The distinction is worth spelling out. On completion, AIG subsidiaries take over Everest Chile's licensed operations, its employees and its ongoing insurance business. That is a transfer of a regulated entity with staff attached, not the purchase of renewal rights to a portfolio that would be re-underwritten elsewhere. A renewal-rights deal is the cheaper, more common structure; this is the other one.
The portfolio serves corporate and upper-middle-market clients across property, energy, marine, financial lines and casualty — lines that follow real assets such as plants, ports and power projects, rather than consumer volume.
Jon Hancock, AIG's executive vice president and CEO of General Insurance, framed the pair as a Latin America build-out. He described Colombia and Chile as the fourth- and fifth-largest corporate insurance markets in Latin America respectively, and tied demand growth to continuing investment in infrastructure, energy, logistics and manufacturing. That ranking is AIG's own market characterisation, not an independent measure; the statement did not cite a source for it. He also said AIG would build on the Everest teams' existing broker and client relationships — the part of an acquisition that is hardest to keep and easiest to lose.
Timing and approvals
The Chile transaction is expected to close in the first half of 2027, subject to regulatory approvals and other customary closing conditions. AIG and Everest said they would work on a transition for colleagues, clients and broker partners. Colombia, by contrast, is already complete, meaning the approvals that deal required have been obtained.
On advisers: Willkie Farr & Gallagher LLP and Carey y Cía. Ltda. acted as legal counsel to AIG on the Chile agreement. Evercore was financial adviser, with Willkie Farr & Gallagher and Brigard Urrutia as legal counsel, on the Colombia transaction.
Arch is buying the dealership layer
PDS supplies automotive protection products and services to dealerships, including administration, technology and dealer-training support. Financial terms were not disclosed. The business is expected to keep operating as a stand-alone company inside Arch Insurance's consumer division once the deal closes, which is expected by the end of the year, subject to regulatory approvals. Arch Insurance North America sits within Arch Capital Group Ltd, the Bermudian-based re/insurer and mortgage insurer.
The strategic point sits in what Arch already does. It writes automotive F&I products through its warranty and lender solutions operation, which serves dealerships, lenders, administrators and vehicle manufacturers. F&I — finance and insurance — products are typically offered at the point of vehicle purchase and can include service contracts, warranties, guaranteed asset protection and other protection products tied to financing or leasing.
Buying PDS moves Arch further into the dealer-facing and administrative side of that market, rather than only supplying insurance capacity behind products that someone else sells, administers and trains dealers to use.
Matt Shulman, chief executive of Arch Insurance North America, said the deal pairs the insurer's specialty expertise with PDS's dealer relationships and technology, that Arch knows the company well, and that it should strengthen Arch's position in automotive F&I. PDS chief executive John Topits said joining Arch would let PDS keep investing in products and technology while preserving continuity for dealers and agents, noting that Arch had been a trusted partner to Premier for many years.
What to watch
Three things. First, Chile's approval process and any conditions attached to it — the first half of 2027 is a target, not a commitment. Second, retention. A licensed carrier with employees is a people deal, and the underwriters who know the energy and marine accounts are the asset being bought. Third, the integration of PDS as a stand-alone unit; dealer customers will notice changes in service and training long before the market sees any numbers.
And an honest limit: with no price and no disclosed revenue or earnings for either target, nothing here supports a view on valuation or on returns. If figures surface later, that is when the arithmetic can start.