Cross Border Reinsurers (CBRs) granted approval under guideline no. 6 of

~l(d1ll itin fc1Pttt1'1cfi ~ ffl ~ w;,acta INSURANCE REGULATORY AND ir.lai DEVELOPMENT AUTHORITY OF INDIA CIRCULAR Ref: IRDA/RI/CIR/MISC/068/05/2018 Date: 07-05-2018 To All CEOs / CMDs of all Insurance / Reinsurance companies, Lloyd's India and Foreign Reinsurance Branches Re: Cross Border Reinsurers (CBRs) granted approval under guideline no. 6 of the Guidelines on CBRs ref. IRDAI/NL/GDL/RIN/017/01/2016 On the basis ?f the submissions and recommendations made by re/insurers, the Authority has granted special approval for the FY 2018-19 to the below mentioned CBRs: - Approval No. CBR Place IRDAI/RI/CBR/2018-19/001# Republican Unitary Enterprise Belarus IRDAI/RI/CBR/2018-19/002# Anadolu Anonim Turk Sigorta Sirketi Turkey IRDAI/RI/CBR/2018-19/003# Joint Stock Company Russian National Russia Reinsurance Company I RDAI/RI/CBR/2018-19/004# CICA Re Kenya IRDAI/RI/CBR/2018-19/005# GIC - Bhutan Reinsurance Company Ltd. Bhutan IRDAI/RI/CBR/2018-19/006# East Africa Reinsurance Company Ltd. Kenya IRDAI/RI/CBR/2018-19/007# Nepal Reinsurance Company Ltd. Nepal IRDAI/RI/CBR/2018-19/008# Zep Re (PT A Reinsurance Company) Kenya IRDAI/RI/CBR/2018-19/009# Bao Viet Insurance Corporation Vietnam IRDAI/RI/CBR/2018-19/010# Asian Reinsurance Corporation Thailand IRDAI/RI/CBR/2018-19/011# lngosstrakh Joint Stock Insurance Company Russia IRDAI/RI/CBR/2018-19/012# FAIR Pool Morocco IRDAI/RI/CBR/2018-19/013# HDFC International Life and Re Company Ltd. UAE IRDAI/RI/CBR/2018-19/014# PT Reasuransi Indonesia Utama (Persero) Indonesia IRDAI/RI/CBR/2018-19/015# PICC Reinsurance Company Ltd. China IRDAI/RI/CBR/2018-19/016# Iran Insurance Company (Bimeh Iran) Iran #: Regulation 3(11) of the /RDA (General Insurance - Reinsurance) Regulations, 2016 specifies the segment-wise % cession limits w.r. t the total reinsurance premium that may be placed with any one CBR based on its rating. Reinsurance placements by re/insurers to the CBRs indicated by# are subject to a maximum cession limit of 5%, under the said regulations. It is advised to ensure that the information sheets along with the supporting documents in respect of the above CBRs are uploaded in the IRDAI web portal and FRNs are generated king placements. Sure at (Executive Director) "ITT'•=r. 115/1 , ~~ . '11•·F-Hll-11:SI , ~-500 032, 1TTTTf d) : +91-40-2020 4000,~ : +91-40-2020 4555 ~ : www.irdai.gov.in Survey No. 115/1, Financial District, Nanakramguda, Hyderabad-500 032, India d) : +91-40-2020 4000, Fax : +91-40-2020 4555 Website : www.irdai.gov.in