The head of American International Group's commercial-insurance division says the bailed-out insurer's reputation is not an issue—and, in fact, competitors may have erred by not working harder to take AIG's insurance business when it was on the verge of collapse.
John Q. Doyle, CEO of global-commercial business at Chartis, AIG's property & casualty unit, says competitors “made a mistake” and “underestimated how important we were to our customers,” following the credit crisis in 2008.
sked during the UBS Global Financial Service Conference if there were any lingering reputational problems preventing Chartis from seeking rate increases, Doyle said there is “no reputational issue in our P&C business, anywhere.”
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.