Adding yet a new chapter to the ongoing saga chronicling American International Group's on-again, off-again strategy to divest units, Bloomberg is reporting today that an initial public offering of the Chartis Inc. property/casualty unit is now on hold.
According to Bloomberg, citing people familiar with the situation, AIG CEO Robert Benmosche has decided he wants to hold onto Chartis because he considers it a core holding, and is now evaluating other options.
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