Dec 22 (Reuters) - U.S. insurer American International Group Inc has pa
used its plan for an initial public offering of Chartis Inc, its global property-casualty division, Bloomberg reported.
AIG chief executive Robert Benmosche told employees he considered the unit a core holding, the news agency said, citing two people familiar with the matter.
Chartis employs about 34,000 around the world and, with a net worth of about $40 billion, is one of AIG's largest divisions.
AIG was not available to comment.
(Reporting by Ajay Kamalakaran in Bangalore; Editing by Dan Lalor) Keywords: AIG/CHARTIS (ajay.kamalakaran@reuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800 +1 646 897 1898; Reuters Messaging: ajay.kamalakaran.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
used its plan for an initial public offering of Chartis Inc, its global property-casualty division, Bloomberg reported.
AIG chief executive Robert Benmosche told employees he considered the unit a core holding, the news agency said, citing two people familiar with the matter.
Chartis employs about 34,000 around the world and, with a net worth of about $40 billion, is one of AIG's largest divisions.
AIG was not available to comment.
(Reporting by Ajay Kamalakaran in Bangalore; Editing by Dan Lalor) Keywords: AIG/CHARTIS (ajay.kamalakaran@reuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800 +1 646 897 1898; Reuters Messaging: ajay.kamalakaran.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
© 2009 AFX News
