KAMPALA - Chartis is the new name for the local subsidiary of insurance firm American International Group (AIG) in Uganda.

The new identity which is derived from the Greek word for map, "underscores AIG’s 90-year history as a successful global pioneer of insurance in various parts of the world,” according to Alex Wanjohi, MD, Chartis Uganda.

The new name was adopted on 1 November 2009, following a decision by New York-headquartered AIG to transfer its global property-casualty and general insurance operations to AIU Holdings under a Special Purpose Vehicle - Chartis Inc, to separate the insurance services from AIG’s wealth management business.

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