Chartis companies have been able to retain 90 percent of their customers despite the economic turmoil American International Group has endured since 2008, AIG CEO Robert Benmosche said at a mid-February investment conference in Manhattan.
"We still do business today with 97 percent of the Fortune 1000," Benmosche said. "This is not about getting clients; it's about doing more with clients."
Discussing a broad range of topics at the Bank of America/Merrill Lynch Insurance Conference on Feb. 15, Benmosche said AIG is in the process of upgrading its worldwide accounting system and taking a hard look at its "catastrophe load and its reinsurance contracts" as it assesses how to budget for potential catastrophic losses going forward.
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