AM Best Comments on Credit Ratings of The Wawanesa Mutual Insurance Company Following Announced Acquisition of Everest Insurance Company of Canada

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has commented that the Credit Ratings (ratings) of The Wawanesa Mutual Insurance Company (Wawanesa Mutual) (Winnipeg, Manitoba, Canada) remain unchanged following its announcement to acquire Everest Insurance Company of Canada (Everest Canada) (Toronto, Ontario, Canada), the Canadian retail insurance operations of Everest Group, Ltd. (Everest Group) (Bermuda) [NYSE: EG]. The acquisition is expected to strengthen and diversify Wawanesa Mutual's business pr.