NEW YORK--(BUSINESS WIRE)-- AIU Holdings today announced the appointment of Robert S. Schimek as its Chief Financial Officer. In this new position, Mr. Schimek will assume responsibility for all aspects of the company's financial operations. Mr. Schimek will also assume a central role in the positioning of the company for the sale of a minority stake in the business, including a potential public offering of shares.

Kristian P. Moor, president, AIU Holdings, said, "Rob Schimek's extensive experience with insurance companies in an IPO process, as well as his 22 years in public and private accounting, uniquely qualify him to successfully lead the financial operations of AIU Holdings and advance the organization's separation strategies."

Mr. Schimek joined AIU Holdings' Commercial Insurance unit in 2005. Previously, Mr. Schimek was a partner at Deloitte & Touche LLP, where he provided a broad range of services to premier financial institutions and was involved with the public offerings of prominent insurance companies. Mr. Schimek holds a Bachelor's degree from Rider University and an MBA from the Wharton School of Business. He has also attained the designation of Certified Public Accountant.


AIU Holdings is a leading property casualty and general insurance organization serving more than 40 million businesses and individuals worldwide. With a 90-year history, more than 500 products and services, deep claims management expertise, and excellent financial strength ratings, AIU Holdings enables individual consumers, entrepreneurial businesses, and large multinationals alike to manage virtually any risk with confidence. Our insurance and risk management products and services are provided through insurance brokers, agents, and other distribution partners around the globe.

AIU Holdings is the marketing name for the worldwide property casualty insurance operations of AIU Holdings, Inc. and AIU Holdings LLC. For additional information, please visit our website at www.aiuholdings.com. In the United States, all products are written by insurance company subsidiaries of AIU Holdings, Inc. Coverage may not be available in all jurisdictions and is subject to actual policy language. 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. Non-insurance products and services may be provided by independent third parties.



AIU Holdings

Marie Ali, 212-458-2536

Source: AIU Holdings