Nepal Reinsurance Company (Nepal Re) is Nepal's first reinsurance company which was successor of the insurance pool that was set up in 2003 with the aim to cover the losses arising from situations like riot, sabotage or terrorism and malicious damage (RSTMD) during the Insurgency. It operates under a public–private partnership (PPP) model with equity participation from the Government of Nepal.
Structure The current paid-up capital of Nepal Reinsurance is 11.65 Billion. The following table shows the percentage of shareholdings by the respective shareholders on the capital structure:
S.No Owners Ownership (%) 1 Government of Nepal 44.039051 2 Institutional investor 39.97 3 Public 16
Services Nepal Re provides reinsurance support to both life and non-life insurers. Domestically, its portfolio includes treaty, direct session, facultative, RSM/DST, agriculture, motor third-party liability pool, foreign employment pool, and aviation business, partnering with various local non-life insurance companies and life insurance companies depending on the product line. Internationally, it offers treaty support in 13 countries and facultative reinsurance in 32 countries.
References
External links Company Profile of NRIC by ICRA News coverage by Insurancekhabar Appointment of Chairman Official Web portal of NRIC