Robert Schimek commended AIG Chief Executive Robert Benmosche for standing up for employees, according to a Reuters report.
"That's just Bob saying 'I want to get it right for these people,''' he said. Schimek, according to reports, has known Benmosche for many years, and worked with him on MetLife's initial public offering earlier this decade.
Part of an effort to avoid being linked with the now-tarnished reputation of AIG, the firm’s property/casualty business was renamed Chartis in July.
Reports indicated that this latest flurry of statements is a result of the Obama administration's pay czar, Kenneth Feinberg, who said last month that renegotiating compensation for some AIG employees was a "top priority.''
On Wednesday, Benmosche reportedly sent a letter to employees in response to rumors that he planned to leave the organization. "Let me be clear: I and the Board remain fully committed to leading AIG,'' he wrote in the letter.
The visible departure of several high-profile employees has not weakened the insurer, said Schimek, but instead created room for others to take bigger roles.
Employing approximately 34,000 people worldwide, and with a net worth of about $40 billion, Chartis is one of AIG's largest divisions.
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