Chartis Inc.

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AIG to Revive AIG Name; Drop Chartis, SunAmerica Names: Reuters

June 28, 2012 - Bailed-out insurer American International Group Inc. will resume using its brand name in public in a move to recognize the company's turnaround, Chief Executive Bob Benmosche said on Thursday. AIG, ...
www.insurancejournal.com/news/national/2012/06/28/253571.htm

Lexington Offers New Coverage for Conservation and Mitigation Banks

March 16, 2012 - Lexington Insurance Co. has introduced a first-party coverage for conservation and mitigation banks, organizations designed to provide natural resources values. The product, called LexEcoBank, is a ...
www.insurancejournal.com/news/national/2012/03/16/239812.htm

Chartis Teams Up with Sterling & Sterling to Offer Total Body Pac

March 14, 2012 - The programs division of Chartis is collaborating with Sterling & Sterling Inc. to provide a new product for salons, day spas and tattoo parlors nationwide. The product, called Total Body Pac, ...
www.insurancejournal.com/news/national/2012/03/14/239299.htm

Chartis Enhances Fiduciary Liability Coverage

March 2, 2012 - Chartis has introduced enhancements to its fiduciary liability product for private companies, nonprofits and financial institutions. The company’s Fiduciary Liability Edge endorsement will provide ...
www.insurancejournal.com/news/national/2012/03/02/237831.htm

The Next Big Thing in Insurance Coverage Is Here

December 13, 2011 - Some in the insurance industry are staking their futures on the reputations of others. That is, they are looking to insure reputational risk. With the boom in social media, interest in reputational ...
www.insurancejournal.com/news/national/2011/12/13/226947.htm
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Chartis CEO Says Europe Still Safe; Insurer Seeks ‘Value Over Volume’

October 3, 2011 - AIG's global property and casualty insurer Chartis continues to see opportunities in Europe despite the sovereign debt crisis, the chief executive of the unit said in an interview last Friday. Peter ...
www.insurancejournal.com/news/international/2011/10/03/218414.htm

3 Insurers Bid for West Virginia’s Workers’ Compensation Business

August 15, 2011 - Three companies are vying to provide workers' compensation coverage for state agencies. Acting Insurance Commissioner Michael Riley said that that BrickStreet Mutual Insurance Co., Chartis, and ...
www.insurancejournal.com/news/southeast/2011/08/15/210962.htm

Condo Owners File Suit over Fees at Chartis-Owned Ski Resort

May 16, 2011 - When he signed to buy a condo at Vermont's Stowe Mountain Resort, Patrick Sullivan was told his share of fees charged by the resort developer for hotel-type services would be about $410 a year, not ...
www.insurancejournal.com/news/east/2011/05/16/198612.htm

Chartis to Shift Asbestos Liabilities to Berkshire’s National Indemnity

April 20, 2011 - American International Group said today that its global property/casualty insurer Chartis will transfer the bulk of its  legacy asbestos liabilities to National Indemnity Co. (NICO), a subsidiary of ...
www.insurancejournal.com/news/national/2011/04/20/195497.htm

New Chartis CEO Hancock: Successor to Benmosche?

April 1, 2011 - American International Group reorganized its biggest unit and charged derivatives veteran Peter Hancock with turning around the struggling property and casualty business. The move may be a sign that ...
www.insurancejournal.com/news/national/2011/04/01/192694.htm
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Shake-Up at AIG’s Chartis; Moor Out, Hancock In as CEO

March 31, 2011 - American International Group, Inc. (AIG) today announced a reorganization of Chartis, its global property/casualty business, and named a new management team, including a new chief executive officer, ...
www.insurancejournal.com/news/national/2011/03/31/192485.htm

Investors Watching How AIG’s Chartis, SunAmerica Perform

February 24, 2011 - Bailed-out insurer American International Group Inc. could post another multibillion-dollar loss when it reports fourth-quarter results on Thursday, but the real question is how well its surviving ...
www.insurancejournal.com/news/national/2011/02/24/187921.htm

AIG to Take $4.1 Billion Q4 Charge for Reserves

February 9, 2011 - Bailed-out insurer American International Group Inc. said it would take a $4.1 billion charge at its Chartis unit after a review showed higher-than-expected claims on older policies for asbestos ...
www.insurancejournal.com/news/national/2011/02/09/183962.htm

Large AIG Share Sales on Track This Year: Source

January 11, 2011 - American International Group Inc. shares are expected to settle back to a level in the mid-$40 range once the company's recently approved warrants begin trading, a person familiar with the situation ...
www.insurancejournal.com/news/national/2011/01/11/180070.htm

Chartis Obtains $450 Million Cat Bond with Lodestone Re

December 28, 2010 - Chartis announced that it has entered into a reinsurance transaction with Lodestone Re, which will provide $450 million of protection to Chartis against U.S. hurricanes and earthquakes. "This ...
www.insurancejournal.com/news/international/2010/12/28/115938.htm

AIG, Chartis Sign $4.3 Billion Credit Agreements

December 28, 2010 - Bailed-out insurer American International Group took another step toward winding down its U.S. government support Monday by securing $4.3 billion of bank credit lines, and company shares ...
www.insurancejournal.com/news/national/2010/12/28/115950.htm

SPECIAL REUTERS REPORT: Inside AIG’s Tortuous Turnaround

December 22, 2010 - During a rainstorm in Washington in early 2009, amid the furor over Wall Street's post-bailout bonuses, an American International Group employee pulled out an umbrella that had the insurer's name on ...
www.insurancejournal.com/news/national/2010/12/22/115865.htm

Best Affirms AIG, Domestic P/C and Life Subsidiaries Ratings

December 21, 2010 - A.M. Best Co. has affirmed the financial strength ratings (FSR) and issuer credit ratings (ICR) of the property/casualty and life/health subsidiaries of American International Group, Inc. as well as ...
www.insurancejournal.com/news/national/2010/12/21/115825.htm

U.S. Treasury’s AIG Fix-It Man Ready for Next Assignment

December 21, 2010 - Jim Millstein is no stranger to troubled companies. With a long career as a bankruptcy lawyer and former head of Lazard Ltd's restructuring practice, he's done his share of turnarounds. But nothing ...
www.insurancejournal.com/news/national/2010/12/21/115838.htm

Lexington, National Equipment Register Fight Equipment Theft

December 20, 2010 - Lexington Insurance Co., a Chartis company, announced an agreement with National Equipment Register (NER), which will help Lexington's contractor equipment policyholders protect their construction ...
www.insurancejournal.com/news/national/2010/12/20/115657.htm