When insurance giant AIG ran into problems during the subprime mortgage crisis, how did that affect the company's two ventures with India's Tata Group? The impact was surprisingly small, according to Farrokh Kavarana, a director of Tata Sons, who oversees Tata AIG Life Insurance and Tata AIG General Insurance. Tata AIG's ventures are well capitalized and they more than meet regulators' solvency norms, he told India Knowledge@Wharton in an interview during the recent Wharton India Economic Forum in Philadelphia. Kavarana received the 2009 Wharton Indian Alumni Award during the Forum.
i think i figured tat out
uch 2 years ago