AIG pauses plan for Chartis IPO: report

  @ibtimes on

U.S. insurer American International Group Inc (AIG.N) has paused 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)

Join the Discussion
Nintendo's Newest Kirby Game Is A Total Detour
Nintendo's Newest Kirby Game Is A Total Detour
Fitbit's First Activity Watch Falls Short
Fitbit's First Activity Watch Falls Short
Dying Light Is The Spiritual Successor To 'Dead Island'
Dying Light Is The Spiritual Successor To 'Dead Island'
The Last Mitsubishi Evolution
The Last Mitsubishi Evolution
The i8 Is Proof BMW Should Make More Mid-Engined Cars
The i8 Is Proof BMW Should Make More Mid-Engined Cars
QD Vision Shows Off Cheap 4K TVs
QD Vision Shows Off Cheap 4K TVs

More Video