Himalayan Reinsurance Limited  (Himalayan Re)  is the first private sector reinsurance company established in the Federal Republic of Nepal. The company would offer Reinsurance support to Life and General Insurance Companies in Nepal and overseas.  Himalayan reinsurance will get the license and issue IPO soon a Himalayan Reinsurance Limited (Himalayan Re) 1st AGM is going to be held on 12th Kartik, 2078. Capital Structure Authorized Capital                              NPR 21 Billions (USD 180 Millions approx) Issued Capital                                     NPR 7 Billions (USD 60 Millions approx) Paid up Capital                                   NPR 7 Billions (USD 60 Millions approx) Ownership Promoters’ sh...

The proposed Himalayan reinsurance will get the license. The Insurance Committee had called for a proposal saying that another reinsurance company was needed after conducting a study of the reinsurance market. Following all the four companies, Himalayan Reinsurance will get the license of the reinsurance company. The Government of Nepal has 44.039 percent investment in the Nepal Reinsurance Company which is currently in operation. Similarly, the share of the public has been 16 percent. Vishal Group has 3 percent and Rastriya Bima Company has 2.7 percent investment. The remaining investment is from the old non-life insurance company. Five companies had submitted their proposals to the board after the committee called for a secret shillbandi proposal. According to a board source, the proposal study committee submitted a report that Himalayan Reinsurance got high marks while studying the proposals of five companies that submitted proposals to the board. The study report has been submitted...