Insurance authority bars Himalayan Reinsurance from new reinsurance business until mid-July
▸ Part of: Nepal Rastra Bank Signals Stable Monetary Policy Amidst External Risks and Internal Challenges
The Nepal Insurance Authority has prohibited Himalayan Reinsurance Limited from engaging in new reinsurance business until mid-July 2026, citing the Insurance Act, 2022. The company is still permitted to handle existing claim settlements and retrocession activities. The authority issued the restriction following a board decision on May 12, 2026, without disclosing specific reasons.
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