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Chartis Releases a Briefing Paper on Structuring Multinational Insurance Programs
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NEW YORK – April 16, 2012 – Chartis today announced that it is issuing a briefing paper entitled, “How to Build a Multinational Program: Charting Your Course.” The paper takes a look at the tools of the multinational insurance trade--including local policies, global policies and controlled master programs -- and examines common challenges companies face in protecting their global operations.

The paper, authored by David Halperin, Deputy General Counsel of Global Commercial Insurance at Chartis, unravels the complexities of multinational insurance and provides fundamental guidance for multinationals of any size seeking to insure multi-country risks.

“There is no one approach to structuring multinational programs, and the dialogue on this topic will continue as global business and regulatory environments evolve. This paper addresses issues relevant to multinational clients with insurance needs in today’s world,” said Mr. Halperin.

“We are pleased to offer this paper as part of our continued commitment to offering a flexible, practical and informed approach to designing multinational programs that ultimately provide value to our customers,” said Mark DeMartine, President of Global Markets at Chartis.

The paper may be downloaded here.

For further information, please contact multinational@chartisinsurance.com.

About Chartis

Chartis is a world leading property-casualty and general insurance organization serving more than 70 million clients around the world. With one of the industry’s most extensive ranges of products and services, deep claims expertise and excellent financial strength, Chartis enables its commercial and personal insurance clients alike to manage virtually any risk with confidence.

Chartis is the marketing name for the worldwide property-casualty and general insurance operations of Chartis Inc. For additional information, please visit our website at http://www.aig.com. All products are written by insurance company subsidiaries or affiliates of Chartis Inc. Coverage may not be available in all jurisdictions and is subject to actual policy language. Non-insurance products and services may be provided by independent third parties. Certain coverage may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds.

Marie Ali