AIG rebrands UK operations

by David Masters

Story link: AIG rebrands UK operations

AIG has rebranded its UK operations as Chartis.

The renaming of AIG’s property and casualty business, formerly AIU, lays the groundwork for an anticipated partial sale of the unit, which posted a $3.3 billion profit last year.

Kristan Moor has been appointed as president and CEO of the rebranded New York-based company.

Moor previously worked as executive vice president of AIG and president and CEO of AIG Property Casualty Group.

Chartis operations will include commercial insurance, foreign general insurance, and private client group operations.

“We are excited by this new stage in our evolution, which will sharpen appreciation for the value of one of the most experienced and extensive insurance platforms in the world,” Moor said.

“Chartis employees are our greatest asset and our new brand embodies their relentless pursuit of excellence through innovation and an unwavering commitment to meeting clients’ needs.”

Christina Pretto, AIG spokeswoman, said AIG is preparing to make Chartis more independent, with a possible public offering in the long-term future.

The name Chartis, derived from the Greek word for map, will “underscore the company’s 90-year history as a global pioneer able to guide clients to customised solutions,” AIG said.