Tuesday, May 16, 2006

NIC bags mandates from GMR, SpiceJet

Kolkata: National Insurance Co (NIC) has bagged mandates from GMR, the infrastructure company that has taken up airport modernisation projects, and SpiceJet, the new-generation airline, as part of its efforts to step up its business.
The insurer, which has set a 10 per cent growth target (in premium income) for the current year, hopes to close the fiscal with higher business volumes, Mr V Ramasaami, the NIC Chairman and Managing Director, said.
NIC, which already caters to airline major Sahara, is aware that the aviation sector could provide it with considerable opportunities in the days ahead. A number of airlines, including SpiceJet, have come up in recent times, a trend that has already engaged the attention of insurance providers.
15/05/06 Hindu Business Line