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Air India retains its insurance premium at $30 million, renews a larger fleet for FY 24-25

Air India retains its insurance premium at $30 million, renews a larger fleet for FY 24-25

by AIP Online Bureau | Apr 10, 2024 | Indian News, Non-Life, Reinsurance

AI, which was renewed successfully on Apr 1 in the London market, has kept its old pack of insurers and reinsurers  but has allocated higher shares to its own  group company Tata AIG General insurance, which is now the leader for the policy  and another...
Tatas slash Air India’s insurance policy by 20%, pay $35 million prm to renew a $ 8 billion cover

Tatas slash Air India’s insurance policy by 20%, pay $35 million prm to renew a $ 8 billion cover

by AIP Online Bureau | Apr 25, 2022 | Indian News, Non-Life

`AI’s reduced cover excluding war cover for Russia and Ukraine region has been successfully placed in the London market  with a manageable premium just before Apr 1, the renewal date for the cover,’’ confirmed London market sources AIG continues to be the...

Tata cancelled USD 3 billion deal in Bangladesh over bribery issue

by AIP Online Bureau | Mar 1, 2022 | Eco/Invest/Demography, International News, Risk Management

Dhaka: Indian conglomerate Tata in 2005 cancelled USD 3 billion deal after Bangladesh Nationalist Party (BNP) leader Tarique Rahman placed a bribery deal to the Indian company. Prime Minister Sheikh Hasina’s ICT Advisor Sajeeb Wazed Joy in a post from his...
Government likely to hand over Air India to Tata group on Thursday

Government likely to hand over Air India to Tata group on Thursday

by AIP Online Bureau | Jan 26, 2022 | Indian News

Meanwhile, two airline pilot unions – Indian Pilots’ Guild (IPG) and Indian Commercial Pilots’ Association (ICPA) – on Monday warned Air India’s CMD Vikram Dev Dutt of legal action as “multiple deductions and recoveries have been...

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