Document Detail

Title: Circular
Reference No.: IRDA/RI/CIR/MISC/167/06/2020
Date: 30/06/2020
Allotment of Filing Reference Number (FRN) for Cross Border Reinsurers
Circular
 
Ref. No: IRDA/RI/CIR/MISC/167/06/2020 Date: 30-06-2020
 Allotment of Filing Reference Number (FRN) for Cross Border Reinsurers
 

 

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

 

  1. (#) 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

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