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Air India crash creates rare insurance dilemma: Nominees also among dead

 The devastating Air India 171 plane crash, which claimed 241 lives on board and 29 on the ground, has created an unforeseen challenge for insurance companies to settle some claims where even the......

Tata AIG Life plans equity expansion

 Tata AIG Life Insurance Company has decided to increase its equity capital from the current Rs 231 crore (Rs 2.31 billion) to fund expansion and meet capital adequacy requirements for 2005.Tata AIG......

With firefighting behind them, insurers can now shift gears and focus on growth

 Recent years have been turbulent for the insurance industry due to direct and indirect tax reforms, regulatory overhaul and other external pressures. Illustration: Uttam Ghosh The events......

AIG to sell Taiwan life insurance unit for $2.15bn

 American International Group will be selling its life insurance unit in Taiwan to a consortium of companies for $2.15 billion. Battered by the financial meltdown, AIG had received billions of......

Irdai seeks IPO road map from 10 insurers

 The Insurance Regulatory and Development Authority of India (Irdai) has asked at least 10 general and life insurance companies to submit a detailed road map for their listing strategies by the end......

AIG plans Asia listing for life insurance arm

 Battered insurer American International Group, which has received billions of dollars from the US government is looking to sell stocks of its subsidiary American International Assurance Company on......

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