Himalayan Reinsurance Limited, a private sector-run company in Nepal, is set to carry out its transactions from India, too.
The Insurance Regulatory and Development Authority of India (IRDAI) has provided FRN Number to Himalayan Reinsurance, paving the way for the company to carry out reinsurance transactions in India.
The application submitted by the company was approved by the IRDAI on January 16, 2024.
With this approval, the company has now been able to carry out transactions in 31 countries within a short span of time, establishing itself as a rising star in South Asia, said the company in a press statement.
Recently, Himalayan Reinsurance Limited issued shares to the general public, starting its transactions in the secondary market of the Securities Board of Nepal.
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