American International Group’s Chartis property-casualty business has new leadership and structure as it seeks to align accountability with long-term results.

For his work in aiding troubled American International Group regain its reputation as one of the world’s leading insurance companies while also overseeing repayment of billions in federal aid, Robert Benmosche earned $2.7 million as head of the company in 2009.

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 →

American International Group announced it is moving forward to make its property casualty unit, AIU Holdings, an independent entity by transferring the company to a special purpose vehicle.

The move sets …  Read →