Pvt insurers join hands as AI floats retender

Mumbai: Private non-life insurance companies have joined hands in response to the re-tender floated by Air India for its $8.6 billion aviation insurance policy covering 152 aircrafts. Air India operated by state-run National Aviation Company of India (Nacil) has lowered the minimum solvency ratio requirement for non-life insurance companies to 1.3 times from 1.5 times earlier, while calling for a re-tendering for its aviation insurance policy that comes up for renewal on October 1.
30/07/12 Fal\aknaaz Syed/mydigitalfc.com

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Categories: Air India Jul 2012