Allotment of Filing Reference Number (FRN) for Cross Border Reinsurers

I• ~ mm fclf.tll l&lcfi 3fu fucfi"m ~ ClDl:lllCI INSURANCE REGULATORY AND mlal DEVELOPMENT AUTHORITY OF INDIA Circular Ref: IRDA/RI/CIR/MISC/167/06/2020 Date: 30-06-2020 To CEOs/CMDs of all Insurers and Exempted Insurers Re: Allotment of Filing Reference Number (FRN) for Cross Border Reinsurers 1. 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. Sr. No. FRN Name of CBR# Country 1 CBR00270318/202021 PT Reasuransi Indonesia Utama Indonesia 2 CBR00590317/202021 Russian National Reinsurance Company Russia 2. (#) 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. ~~ Suresh Mathur Executive Director ~-;:f.-115/~ Q51~~~Ji--lc:1 ~ 1HcfFff41}51, •li:rli"1kl1:1i ~ - 500032 ~'l-{Tfl": +91-40-20204000 Survey No. 115/1, Financial District Nanakramguda, Gachibowli, Hyderabad - 500032 Tel: +91-40-20204000 Page 1 of 1