AIG will not exit India ops

American International Group(AIG), which has two joint ventures with Tatas -Tata-AIG Life Insurance & Tata-AIG General Insurance, might have exited the Indian life insurance sector after selling its Asian life insurance operations to UK-based Prudential, but it has no such intention for its Indian general insurance business. In fact, AIG s global head Robert Benmosche had paid secret visit to the country to meet officials from the insurance regulator in India, Irda, in Hyderabad and the staffers of AIG in Mumbai. Benmosche had assured that AIG s general insurance operation would continue in India and the required capital will be provided, said ...

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