Document Detail

Title: Circular
Reference No.: IRDA/RI/CIR/MISC/068/03/2020
Date: 19/03/2020
Filing Reference Number (FRN) for Cross Border Reinsurers granted approval

Ref: IRDA/RI/CIR/MISC/068/03/2020                                           Date: 19-03-2020

 

To

CEOs/CMDs of all Insurers and Exempted Insurers,

 

Re: Filing Reference Number (FRN) for Cross Border Reinsurers granted approval under Regulation 4 of IRDAI (Re-insurance) Regulation, 2018.

 

On the basis of the submission made by cross border reinsurers and recommendations made by insurers, the Authority has granted special approval to the below mentioned CBR’s for the FY 2020-21.

 

FRN No.

Name of CBR #

Country

CBR00330137/202021

Zep Re (PTA Reinsurance Company)

Kenya

CBR00330138/202021

East Africa Reinsurance Company Ltd.

Kenya

CBR00490139/202021

Nepal Reinsurance Co. Ltd.

Nepal

CBR00720140/202021

Asian Reinsurance Corporation

Thailand

CBR00450141/202021

FAIR Aviation Pool

Morocco

CBR00590142/202021

Ingosstrakh Insurance Company PJSC

Russia

 

#: Reinsurance placements by insurers to the above stated CBR’s shall not exceed five percent (5%) of the total reinsurance premium ceded outside India.

 

 

 

 

 

 

Suresh Mathur

Executive Director

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