Money & Banking

IRDAI lists 16 cross-border reinsurers for FY19

Our Bureau Hyderabad | Updated on May 10, 2018 Published on May 10, 2018



The Insurance Regulatory and Development Authority of India (IRDA) has released the list of Cross Border Reinsurers (CBR) for the year 2018-19.

On the basis of the submissions and recommendations made by reinsurers, the authority had granted special approval for the 16 CBRs, according to a circular issued here.

According to guidelines on cross-border insurers issued by IRDAI, CBR refers to those reinsurers who do not have any physical presence in India and do reinsurance business with Indian insurance/reinsurance companies.

The CBRs, which have been granted approval, include Republican Unitary Enterprise, Belarus; Asian Reinsurance Corporation, Thailand; HDFC International Life and Re Company Ltd, UAE; and Iran Insurance Company.

Published on May 10, 2018
This article is closed for comments.
Please Email the Editor