Wednesday

AIG to Start Mortgage Guarantees in India

American International Group Inc., The New York-based insurer plans to enter mortgage guarantee business in India according to Sunil Mehta, country head and chief executive for AIG in India. India, Asia's third-largest economy, expects to invest about $500 billion building roads, ports and power plants in the next five years to spur economic growth. AIG has 7,500 employees in India and runs eight businesses, including money managing, aircraft leasing, property development and life and general insurance.

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