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American International Group said its property/casualty carrier Chartis will eliminate some jobs, with the reduction affecting less than 1 percent of its workforce, or roughly 400 or fewer positions.

“As part of Chartis’ review of its personnel needs, we have re-sized our staffing levels to reflect our business objectives,” ÌìÃÀÍøÕ¾´«Ã½´«Ã½ spokesman Mark Herr told Insurance Journal. “We continue to hire where we see the best potential for growth. Overall, the reductions amount to less than 1 percent of Chartis’ employees.”

Chartis currently has 40,000 employees who serve more than 70 million clients around the world, according to its website.

ÌìÃÀÍøÕ¾´«Ã½´«Ã½ has been selling off business assets and has significantly downsized its workforce in the aftermath of the 2008 financial crisis. ÌìÃÀÍøÕ¾´«Ã½´«Ã½ has almost halved its workforce in past few years. ÌìÃÀÍøÕ¾´«Ã½´«Ã½ had roughly 63,000 employees in 2010, down from 116,000 in 2008 according to its annual reports.

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