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Insurance

Everest Group, Ltd.

Strategic overhaul that exits retail insurance (renewal rights and Colombia to AIG, Mexico to Fairfax, Canada to Wawanesa)

EGInsurance/Reinsurance(40301050)HQ Hamilton, BermudaResearched Oct 25, 2026Unverified
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Global reinsurer with a specialty insurance arm. In 2026 it is selling off retail commercial insurance to refocus on reinsurance and wholesale and specialty insurance.

Talking points

  • Multiple simultaneous divestitures call for separation, TSA management and a simplified remaining operating model.

Likely opportunities

  • Separation and TSA exits. Reinsurance operations platform.

Outreach plans

1 plan for the main opportunities, in outreach wave 2. All budgets, deal sizes and dates are planning estimates made from the public brief, not from client data or Accenture financials. Executive names are used only where the brief also names them; verify roles and names before outreach.

1Separation and TSA exitsM&A & integrationIdentified$1.6M–$5M

The Everest Group brief flags this opportunity: Separation and TSA exits. Lead with a fixed-scope 3-week entry offer that proves value quickly, then grow it into the separation program office, TSA exits and target-state build.

From opportunity: Separation and TSA exits

Why now
Strategic overhaul that exits retail insurance (renewal rights and Colombia to AIG, Mexico to Fairfax, Canada to Wawanesa).
Buyers
COO · CFO Mark Kociancic · Separation program lead · CIO
Our sponsor
Accenture M&A and Separation lead for Financial Services, with the account's client lead as relationship sponsor
Entry
A 3-week TSA exit health check: inventory every open service, cost the run-rate of each, and produce a dated exit plan with the stranded-cost reduction it unlocks.. No CAL account team today. Enter through the sponsor's network, the hyperscaler hosting the target state and a short point-of-view note to the COO.
Proof points
Separation and TSA exit case studies
Deal size$1.6M–$5M
Pursuit cost$70K
Win probability15%
Estimate: Estimate. Pursuit cost is about 14 person-weeks of account, sponsor and SME time at a blended $5,000 per person-week, including extra effort to win a first meeting without an account team. The entry offer itself is a fixed fee of roughly $50k, or an Accenture investment if the pursuit is contested. The deal range is the 12-24 month follow-on (the separation program office, TSA exits and target-state build), scaled for a smaller client from a reference range of $8-25M. It is not based on client budget data. Win probability of 15% is a planning assumption for an account without a CAL tier.

Outreach sequence

  1. Week 1Build a view of the open TSAs and stranded costs from filings and the deal announcement. Map the buying group (COO, CFO Mark Kociancic, Separation program lead) and known Accenture relationships.Industry MD with an industry SME
  2. Week 2Confirm the sponsor, pick two reference clients, and line up support from the hyperscaler hosting the target state.Sponsor
  3. Week 3-5Reach the COO with a one-page note on separation and TSA exits, through a warm introduction or an industry event.Industry MD
  4. Week 6-7Executive meetings with the COO and CFO Mark Kociancic: test the hypotheses and offer the entry offer.Sponsor and industry MD
  5. Week 8-9Walk the separation office through a TSA exit playbook and a comparable separation timeline.Industry and technical SMEs
  6. Week 10Scope and price the entry offer with the client's working team; agree success measures.Pursuit lead
  7. Week 11-12Proposal review with the economic buyer (CFO Mark Kociancic) and procurement.Sponsor
  8. Week 13-14Sign the entry offer and mobilize the 3-week team.Delivery lead
  9. Week 17Read out results and propose the follow-on: the separation program office, TSA exits and target-state build.Sponsor and delivery lead

Timeline

Jan 2027Jun 2027
Prepare and engageFirst executive meeting held with the COO
ShapeEntry offer scoped with the client's working team
ProposeEntry offer signed
Deliver entry offerResults read out and follow-on proposal submitted
ExpandFollow-on program signed

Success measures

  • TSA health check signed
  • TSA exits on or ahead of contractual dates
  • Stranded cost removed within 12 months of close (client's measure)

Risks

  • The incumbent separation adviser (often a Big Four firm) holds the program office
  • Exit dates slip because the buyer or seller is not ready
  • Competition (from the brief): Not confirmed.

01Strategic priorities

  • Jim Williamson (CEO since 2025) is running a strategic overhaul. He sold retail commercial renewal rights to AIG, and sold the Colombia, Mexico and Canada retail operations, while strengthening US casualty reserves.

02Financial health and spend signals

  • Reserve charges in 2025. Divestiture proceeds support capital.

03Leadership changes

  • Williamson succeeded Juan Andrade as CEO. Mark Kociancic is CFO.

04Regulatory pressure

  • Bermuda, US and Lloyd's regulation.

05M&A and restructuring

  • Several 2026 divestitures (AIG, Fairfax, Wawanesa).

06Tech stack and vendor footprint

  • Simplification as the retail units leave. TSA support needed.

07Competitor engagements

  • Not confirmed.

08Risk disclosures

  • Reserve adequacy, catastrophe losses and execution of the separations.

Workforce

No workforce data tracked yet. Add it in briefs/_intel/eg.yaml.

Earnings call themes

No call themes tracked yet.

Regulatory actions

No consent orders, MRAs or fines tracked. See Regulatory pressure above for context.

Recent public signals

Sourcing. Bullets without a source link or a ✓ mark come from model knowledge (public information up to mid-2026) and have not been verified. Check them against the latest filings before using them with a client. Recent public signals were found by web search; most were judged from the headline and source, not a full read.