Re: Allotment of Filing Reference Number (FRN) for Cross Border Reinsurers
On the basis of the submissions made by Cross Border Reinsurer (CBR) and recommendations of the insurers, the Authority has granted approval to the below mentioned CBR’s , who do not fulfil stipulated eligibility criteria.
Name of CBR #
PT Reasuransi Indonesia Utama
Russian National Reinsurance Company
(#) This approval is subject to the following:
a. The approval granted is for Financial Year 2020-21
b. Reinsurance placements by an insurer to the above stated CBR’s shall not exceed two percent (2%) of the total reinsurance premium ceded outside India;
c. The insurer(s) shall comply with clause 6 (VIII) of the IRDAI Guidelines No. IRDAI/NL/GDL/RIN/017/01/2016 dated 19-01-2016;
This is issued as per powers vested with the Authority under Reg. 4 (2) of the IRDAI (Re-insurance) Regulations, 2018.
Allotment of Filing Reference Number (FRN) for Cross Border Reinsurers.pdf