Reinsurance buffers claims crash, Tata AIG makes profit of Rs 1,008 crore & more related News Here
Mumbai: Tata AIG General Insurance reported a net profit of Rs 1,008 crore for FY2016 despite facing the largest claims in Indian aviation history last year. The company’s books were safe due to its conservative policy of reinsuring most large risks.General Insurance Corporation had estimated claims from the Air India Ahmedabad crash last year at…