Reuters reported that the IPO for Chartis, the property and casualty insurance business unit of AIG, has stopped although it had been planning to be spun off or sold. The unit reportedly had put together its own senior leadership team as well as a separate PR staff.
Robert Benmosche, the new CEO of AIG, has said that he wants to keep the company's core assets to maximize value. The unit was named Chartis in July.
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