NU Online News Service, July 27, 12:50 p.m. EDT
The American International Group's property and casualty business further distanced itself from the parent corporation with a name change to Chartis and the creation of a special purpose vehicle.
The New York-based insurer announced today that it formed a special purpose vehicle in which to fold the equity of AIU Holdings, LLC. The new entity will consist of AIU's commercial insurance, foreign general insurance and private client group businesses.
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