Property-casualty and general insurance organization Chartis announced it will offer electronic personal health records to its clients worldwide through a new alliance with MMR Information Systems.

American International Group reported a fourth-quarter loss of $8.9 billion, a large improvement over the $61.7 billion in loss it reported for the same period in 2008 when its implosion led to a federal bailout.

A new partnership is giving property-casualty insurer Chartis the ability to increase its capacity to $500 million for wind and solar energy sectors.

Chartis said it is hoping to lessen the burden on brokers and their clients with its new Excess Edge solution to improve the placement of follow form excess management and professional liability coverage.

The reserves of American International Group’s property-casualty businesses may be short by about $11.9 billion, according to a new independent analysis.

American International Group is working to spin off its property-casualty insurance business and has renamed it Chartis.

Chartis, whose predecessor, AIU Holdings, was profitable last year, is a separate entity, owned …  Read →