Private sector insurers carve out 20% slice of Air India deal
21 Jun 2007
The four public sector general insurance companies, led by New India Assurance, managed to hold onto 80% of the transaction.
The other private sector general insurance companies partnering ICICI Lombard in the deal are Bajaj Allianz General Insurance, Reliance General Insurance and Iffco Tokio General Insurance.
The deal has been re-insured by a consortium of London-based reinsurers, led by Ace, AIG and Global Space.