Article: Commercial operations rebranded as Chartis.(American International Group Inc.)

Byline: Judy Greenwald

American International Group Inc. has moved to separate its commercial insurance operations into a special-purpose vehicle and new brand, Chartis, to establish an identity distinct from its troubled parent.

AIG said it intends to contribute the equity of AIU Holdings Inc. and AIU Holdings L.L.C. into Chartis, comprising AIU's commercial insurance, foreign general insurance and private-client business.

Kristian P. Moor, an AIG and AIU veteran who has been named Chartis' president and chief executive officer, said a decision will be made later as to whether AIG will seek outside investors, a third party or a stock offering ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!