Cross Border Reinsurers granted approval under Regulation 4 of IRDA (Re-ins

• JI~ 11HJ1q .fti!, fllf.iq1¥1"' ~ m ~,fu"'"-"1 uia;se INSURANCE REGULATORY AND irJai DEVELOPMENT AUTHORITY OF INDIA CIRCULAR Ref: IRDA/RI/CIR/MISC/058/04/2019 Date: 04-04-2019 To All CEOs/CMDs of all Insurance/ Reinsurance companies & Foreign Reinsurance Branches Re: Cross Border Reinsurers granted approval under Regulation 4 of IRDAI (Re-insurance) Regulation, 2018. On the basis of the submission made by cross border reinsurers and recommendations made by (re)insurers, the Authority has granted special approval to the below mentioned CBRs, applicable for the FY 2019-20. Approval No Name of CBR Country IRDAI/RI/CBR/2019-20/001 # Republican Unitary Enterprise - "Belarusian Belarus National Reinsurance Organization" IRDAI/RI/CBR/2019-20/002# Nepal Re Nepal IRDAI/RI/CBR/2019-20/003# East Africa Re Kenya IRDAI/RI/CBR/2019-20/004# CICA Re Kenya I RDAI/RI/CBR/2019-20/005# lngosstrakh Joint Stock Insurance Co. Russia I RDAI/RI/CBR/2019-20/006# PICC Re China I RDAI/RI/CBR/2019-20/007# Zep Re (PTA Reinsurance Co.) Kenya IRDAI/RI/CBR/2019-20/008# Asian Re Thailand I RDAI/RI/CBR/2019-20/009# Joint Stock Company Russian National Russia Reinsurance Company (RNRC) I RDAI/RI/CBR/2019-20/010# Bao Viet Insurance Corporation Vietnam IRDAI/RI/CBR/2019-20/011# PT Reasurancsi Indonesia Utama (Persero) - Indonesia "Indonesia Re" #: Reinsurance placements by (re)insurers/FRBs to the CBRs indicated by# shall not exceed 5% of the total reinsurance premium ceded outside India. Executive Director "ITT' 'f. 115/1, ~ ~ . <1 l<1'li(l'l!.(-ill, ~-500 032, 'lfffil I Survey No. 11511, Financial District, Nanakramguda, Hyderabad-500 032, India 6) : +91-40-2020 4000 ~ : www.irdai.gov.in 6) : +91-40-2020 4000 Website : www.irdai.gov.in