Chartis News

AIG Returns Core Insurance Operations to AIG Brand

American International Group Inc. said it will now use AIG as the name for all of its global property/casualty operations, including Chartis, in most locations, and that the company’s life and retirement segment is now AIG Life and Retirement. As …

September 19, 2012 Lunch Discussion: Kidnap, Ransom and Extortion

San Diego, CA, 08/29/12 – The Insurance Brokers & Agents of San Diego along with the Insurance Industry Charitable Foundation of San Diego will be hosting a lunch discussion on September 19, 2012 with guest speaker Reginald King, the West …

Chartis Expands Offerings to All Risks to Include Temporary Staffing Program

Chartis announced that its Programs Division is expanding its relationship with program administrator All Risks, Ltd. to include a comprehensive program for the temporary staffing industry. The program provides general liability, professional liability, employment practices liability and other coverages specifically …

Chartis’ Claims and Operations & Systems Placed Under Single Management Team

American International Group, Inc. announced that Chartis, its global property casualty business, has placed its claims and operations and systems (O&S) organizations under a single management team to improve customer service, capitalize on the shared strategic initiatives of the two …

Food Trucks: New Trend Equals New Risk

Popping up in metro areas across the country, popular food trucks have triggered festivals, a reality show, even lawsuits. Food truck operators have filed lawsuits in Georgia, New York and California protesting bans on mobile eateries, while brick and by …

Chartis Obtains $575 Million of Reinsurance Coverage

Chartis today announced that it has entered into a reinsurance transaction with Compass Re, which will provide $575 million of protection to Chartis against U.S. hurricanes and earthquakes. This represents a substantial increase from the $275 million of protection originally …

AIG Unlikely to Take Q4 Reserve Charges

Bailed-out insurer American International Group is unlikely to add to reserves in the current quarter, though investors may not be convinced the reserves are adequate, Barclays Capital said Tuesday. Barclays analyst Jay Gelb, in a note to clients, said he …

Chartis Launches Reputational Risk Insurance

ReputationGuard, an insurance policy providing innovative coverage to help policyholders cope with reputational threats has been developed by Chartis’ Executive Liability division. The policy delivers the benefit of both access to world-class reputation and crisis communications professionals as well as …

Lexington Insurance Company Expands Spoliation Insurance Product

Lexington Insurance Company, a Chartis company, announced its spoliation insurance endorsement will be offered to a broad array of insureds, including lawyers, accountants, testing facilities, and document and property storage facilities. Lexington first provided coverage for spoliation claims as an …

Chartis to Transfer Asbestos Liabilities to National Indemnity Company

The bulk of Chartis’ legacy asbestos liabilities will be transferred to National Indemnity Company (NICO), a subsidiary of Berkshire Hathaway Inc., as part of Chartis’ ongoing strategy to de-risk, Chartis announced. The transaction with NICO covers potentially volatile U.S.-related asbestos …