AIG reorganizes its biggest unit

Published March 31, 2011
Reuters

NEW YORK (Reuters) - American International Group reorganized its largest unit, its Chartis property and casualty insurance division, and named Peter Hancock as chief executive of the unit, it said on Thursday.

The previous CEO of Chartis, Kristian Moor, will become vice chairman of the division.

Hancock has been instrumental in AIG's recapitalization efforts, leading the company's negotiations with the Federal Reserve.

(Reporting by Lauren Tara LaCapra; Editing by Derek Caney)