Wawanesa receives regulatory approval to acquire Everest Insurance Company of Canada

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomeGlobeNewswireThis section is The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Wawanesa receives regulatory approval to acquire Everest Insurance Company of CanadaAuthor of the article:WINNIPEG, Manitoba, Sept. 08, 2026 (GLOBE NEWSWIRE) — The Wawanesa Mutual Insurance Company (“Wawanesa”) announced today it has received all required regulatory approvals to complete its acquisition of Everest Insurance Company of Canada (“Everest Canada”) from Everest Group, Ltd. (“Everest”).THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountInitially announced in March, the deal accelerates Wawanesa’s diversification and growth strategies by adding an extensive portfolio of specialty commercial insurance products along with strong talent and deep expertise. Together, these attributes will expand Wawanesa’s commercial capabilities, significantly elevating the mutual insurer’s competitive edge.“This is a major milestone in our journey to serve more Canadian organizations across an even broader range of industries, complex risks, and unique needs,” said Evan Johnston, President & CEO of Wawanesa. “We look forward to welcoming the Everest Canada team and combining our strengths to further enhance our commercial insurance business. This is just the beginning, and we’re excited about what lies ahead.”Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againThe transaction is expected to close in Q4 2026, subject to customary closing conditions. Wawanesa will work closely with Everest to ensure a seamless transition for clients, distribution partners, and employees. Following closing, Everest Canada will operate as a distinct entity within the Wawanesa group of companies, preserving the proven business model and trusted relationships that have earned the confidence of Canadian organizations.About The Wawanesa Mutual Insurance Company Founded in 1896, The Wawanesa Mutual Insurance Company is one of Canada’s largest mutual insurers, 100% owned by its members, with more than $4.1 billion in annual revenue and $12.5 billion in assets. Headquartered in Winnipeg, Wawanesa is the parent company of Wawanesa Life, which provides life insurance solutions throughout Canada, and Western Financial Group, a leading national distributor of personal and business insurance. In March of 2026, Wawanesa entered into an agreement to acquire Everest Insurance Company of Canada to strengthen its commercial insurance capabilities and advance its long-term growth strategy.Wawanesa proudly serves more than 1.8 million members across Canada. The company actively gives back to organizations that strengthen communities, donating more than $4 million annually to charitable organizations, including $2.5 million each year in support of people on the front lines of climate change. Learn more at wawanesa.com.For more information:Michel RossetManager, Corporate Communications & Media RelationsThe Wawanesa Mutual Insurance Companymedia@wawanesa.comThis advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.