A.M. Best: Chartis Pulling Away from Comp Market

The property and casualty subsidiary of American International Group (AIG) is in the process of shedding the majority of its workers' compensation business in a bid to focus on higher-margin policies, A.M. Best reported Friday.The ratings house quoted Chartis President and Chief Executive Officer Kristian P. Moor as saying the AIG property and casualty unit has exited more than $2 billion in workers' compensation business in the United States in the past two years."We'll continue to do that as we go forward into this year because we still don't see the pricing favorable in that...