Naval Goel (Founder & CEO of PolicyX.com), a graduate from IIFT-Delhi and a former consultant with AIG, started an insurance comparison portal PolicyX.com in 2013. Approved by the Insurance Regulatory and Development Authority or the IRDA, PolicyX.com provides free quotes and comparison for various insurance policies and products.
The tie-up will help to distribute quality general insurance products through Vakrangee distribution network.
With the Fed considering a rate hike that would be the first in nine years, he said it's not evident that monetary policy is too easy because inflation is so low and full employment is only starting to emerge.
Being a reinsurance-driven industry, more than 95 percent of the domestic aviation insurance finds reinsurers in the London market, which is the most competitive market. ls
Monday's subdued trading followed the Dow's biggest weekly gain since January 2013 and the S&P's biggest two-week jump since December 2011. Gains in recent weeks have largely come on the back of strong quarterly results, which have eased concerns over how corporations are faring in an uncertain global economy.
As part of the cash and stock deal, AIG will end up holding a nearly 46 percent stake in AerCap for at least nine months after the deal closes.
Buying land and property in Noida in Uttar Pradesh will be costlier as circle rates has been increased by 10 to 25 per cent from today. Agriculture land rates too have bee hiked by 5-8 per cent.
One of the world's largest leasing firms has warned India the failure of troubled carriers like Kingfisher Airlines to return airplanes when they cannot pay their bills could put the country's aviation growth at risk by scaring away new funding.
AIG Is Thanking America, Not Suing America: CEO Benmosche
Wanted: cash-laden buyer interested in moderate long-term returns from a cyclical industry at the mercy of global aviation. Aircraft leasing is just such a so-so pitch.
CEO Bob Benmosche says US taxpayers will earn up to USD 10 billion on the USD 182 billion rescue of American International Group, the insurance company he runs. Of course, that depends on how one defines "profit."
Following the murder of a tribal woman in Betul district of Madhya Pradesh, district Superintendent of Police, B S Chouhan, has been transferred as AIG in the police headquarters.
Bailed-out insurer American International Group reported a USD 19.8 billion profit for the fourth quarter, after an accounting change that allowed the company to record an enormous one-time benefit.
Beleaguered American insurance giant AIG will soon vanish from the Tata-AIG branding in India. AIG entered India in 1999 through its then 100% subsidiary AIA. But after its massive financial troubles since Lehman, AIG sold off a large part of its stake in AIA through an IPO in Hong Kong.
The insurer AIG is suing Bank of America Corp to recover more than USD 10 billion of losses from a "massive fraud" on mortgage debt, deepening the morass of litigation faced by the largest US bank.
Alarmed by widening accounting debacles at US-listed Chinese companies, American regulators are scrambling to stem the damage from gaps in laws adopted to protect investors after the Enron scandal a decade ago.
Insurer American International Group said on Wednesday that it was "highly disappointed" in the Federal Reserve's decision to reject its bid for a pool of mortgage-backed securities.
Hedge fund manager Raj Rajaratnam was told in mid-2008 of boardroom talks at Goldman Sachs about whether takeovers of Wachovia Corp or AIG made sense, jurors heard at his criminal trial.
Banks will meet in New York City on Thursday to make their case for the right to sell the US Treasury's stake in American International Group, three people familiar with the matter said on Wednesday.
American International Group Inc accepted a USD 2.16 billion cash offer for its Taiwan Nan Shan Life unit from a group led by local conglomerate Ruentex, marking the beginning of the end of a drawn-out process fraught with political wrangling.
A former employee of American International Group has filed a lawsuit claiming that PricewaterhouseCoopers (PwC) was negligent in its audits of AIG and that the board of the bailed-out insurer failed to pursue a claim against the accountants.