Connect with us

Hi, what are you looking for?

Capital Business
Capital Business

Kenya

AIG to change to Chartis

NAIROBI, Jul 27 – AIG Kenya will in the next three months be christened Chartis after its parent company American International Underwriters Holdings in New York on Monday announced the re-branding of its worldwide property, casualty and general insurance operations.

AIG Kenya Managing Director Japh Olende said the move is an important step in the creation of a distinct entity separate from AIG Inc. and isolated from its challenges.

Mr Olende noted that the name change would not impact clients and that no action was required on their part.
 
“The re-branding does not affect clients’ policies which remain in-force with no amendments required,” Mr Olende said.

Earlier this year AIG Inc. had announced that it was transferring the worldwide property, casualty and general insurance operations of AIG (known as AIU Holdings Inc) into a special purpose vehicle, in order to position the ‘franchise as a separate and distinct entity from AIG Inc.’

Indications are that new brand is the next, critical step in positioning the Chartis franchise as an independent company.

Mr Olende noted that business would continue as usual while the change was taking place.

“We will continue to pay valid claims and write new business as usual and fully capable of meeting our obligations to policyholders,” he said.

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...