Kristian Moor is appointed to head up new entity

The AIG brand will disappear in the UK by the end of this year, as the company readies itself for a sale.

The insurer has announced the creation of Chartis, a special purpose vehicle for its more lucrative businesses, including general insurance in the UK. Chartis will operate at arm’s length from its 100% shareholder, AIG, with a view to a sale or public flotation.

AIG UK chief executive Lex Baugh refused to set a timetable, but said the company was creating standalone internal functions and clearer reporting lines in preparation for any sale. A trade sale was also possible, he said.

Kristian Moor was appointed president and chief executive of Chartis. He was executive vice-president of AIG and chief executive of AIG Property Casualty Group.

As well as the UK general insurance business, the company will include commercial insurance and private client divisions from the US.

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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