Chartis has streamlined its geographic structure into three major geographic areas to better serve clients and enhance the company’s commercial and consumer strategies as well as emphasise on its growth economies initiatives.

The aligned structure will be organized under the Americas, Asia and Europe, Middle East and Africa (EMEA) geographic areas.

Peter Eastwood, president and CEO of the US and Canada, will assume responsibility for the Americas, while Jose Hernandez, president and CEO of the Far East Region, will be responsible for Japan and Chartis’ Asia Pacific region.

Robert Schimek has been named president and CEO of EMEA after having worked as Chartis’ CFO for the past six years.

James Bracken will serve as CFO and will report to David Herzog, CFO for AIG.

Further, Alexander Baugh has been appointed as Chartis’ chief risk officer and Head of Strategic Planning, reporting to Sid Sankaran, AIG’s Chief Risk Officer. Baugh will lead Chartis’ efforts to ever improve its risk profile, and to drive its strategic plans in concert with AIG.

Chartis CEO Peter Hancock said that the company is deploying global resources aimed at more efficient regional framework to improve delivery of insurance solutions and add value for customers.

"This simplified structure will permit closer coordination of the regions with the Commercial and Consumer teams," Hancock added.