AIG reaches as Chartis Catalonia, with a strategy of profitable growth
Posted on October 16th, 2009 in insurance insurance
The AIG submitted in Catalonia, the Balearic Islands and Aragon Chartis its new brand, which includes various types of insurance, with the aim of bringing together extended by Spain insurance divisions have provided greater benefit the former AIG, a “strategy of profitable growth.”
As reported by AIG in a statement, Chartis includes commercial and industrial insurance, general insurance operations abroad and private clients.
The total volume of premiums of the insurer in Spain last year was 180 million euros, of which 20% corresponded to activity in Catalonia, reaching a turnover of 28.8 million.
However, after introducing its new brand on the autonomy of Catalonia, Aragon and the Balearic Islands, Chartis plans to continue spreading throughout the Spanish territory.
Despite the bad situation that AIG spent last year, the new company plans to “continue the growth strategy,” the director of Chartis in Spain, Alvaro Mengotti, and does not rule “market opportunities” absorbing other insurers .
Chartis Catalonia has a team of 17 people, although he plans to “further growth” and has assured that “the benefits have become” in the second quarter of 2009, when the MNC recorded a net attributable profit of 1,270 million euros.
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