13-June-2026
Corporate News
 
Reinsurance buffers crash claim, Tata AIG logs Rs 1,008 crore profit
13-Jun-2026

Tata AIG General Insurance reported a net profit of Rs 1,008 crore for FY26 despite facing the largest claim in Indian aviation history last year. The company's books were protected due to its conservative policy of reinsuring the bulk of large risks. The General Insurance Corporation had estimated claims of over $400 million last year from the Air India Ahmedabad crash. Since then, reinsurers have settled some claims. Tata AIG, which was the lead insurer, had a 45% share of the risk. "We fully provided for it in that same quarter itself. Net of reinsurance, our exposure was less than Rs 50 crore," said Amit Ganorkar, MD & CEO, Tata AIG General.

News Source:- https://timesofindia.indiatimes.com/business/india-business/reinsurance-buffers-crash-claim-tata-aig-logs-rs-1008-crore-profit/articleshow/131695997.cms