HImalayan Re-insurance

Himalayan Reinsurance Limited is a company incorporated in July 2021 under the Nepal Companies Act with an authorised capital of NPR 21,000 million. Its purpose is to conduct reinsurance and retrocession business in Nepal and abroad. It is owned by prominent Nepalese corporate and industrial houses, two top banks (primarily owned by the Government of Nepal), and some high-net-worth individuals, who have contributed to the issued and paid-up capital of NPR 7,000 million (70% of the issued capital of NPR 10,000 million). After obtaining approvals and certifications from the Insurance Board, the company began operations on July 15, 2021.