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Himalayan Re

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Himalayan Re
Private
ISIN🆔
IndustryInsurance
Founded 📆1 July 2021; 3 years ago (2021-07-01)
Founder 👔
Headquarters 🏙️, ,
Nepal
Area served 🗺️
Worldwide
Key people
ServicesReinsurance
OwnerPrivate (70%), public (30%)
Members
Number of employees
🌐 Websitehimalayanre.com
📇 Address
📞 telephone

Himalayan Re-Insurance Limited (also known as Himalayan Re is the first Privately owned reinsurance company of Nepal[2] established in july 2021.The paid-up capital and the net worth of Himalayan Reinsurance as of 2022 stood at ~NPR 7,000 million. [3] The company has been rated a Financial Strength Rating of "B (Fair)" and a Long-Term Issuer Credit Rating of "BB+" (Fair) by AM Best [4] and offering various reinsurance products to life insurance and general insurance companies in Nepal and overseas.

Structure[edit]

The current paid-up capital of Himalayan Reinsurance is NPR 7 Billion. The following table shows the percentage of shareholdings by the respective shareholders on the capital structure:[5]

S.No Owners Ownership (%)
1 Promotor 70
2 Public 30

Major Promotor[edit]

The company is promoted by various leading business houses of Nepal along with leading financial institutions, Following are the Prominent Promoters of Himalayan Re;[6]

S.No Major Promotor
1 Golchha Group
2 Shanker Group
3 Lucky Group
4 Dugar Group
5 IME Group

References[edit]

  1. "Who are the men behind Himalayan Re english". insurancekhabar.com.
  2. "Establishment of Himalayan Reinsurance". financialnotices.com. 15 December 2022.
  3. ICRA Report (PDF) (Report). icranepal.com. 6 June 2022.
  4. "AM Best rates Himalayan Re". www.reinsurancene.ws. 16 February 2022.
  5. "Ownership structure | About Us". himalayanre.com. Retrieved 2022-12-15.
  6. "Insurance Regulator Approval to Himalayan Reinsurance". www.newbusinessage.com. Retrieved 2021-06-01.

External links[edit]



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