Introduction of the company

Nepal Himalayan Re is the first private sector reinsurance company established in the Republic of Nepal. The company would offer Reinsurance support to Life and General Insurance Companies in Nepal and overseas.

Himalayan Re is the only company holding international rating in Nepal with rating of B+ (Good) from AM Best.

Capital Structure

Authorized Capital                           NPR 21 Billions (USD 175 Millions approx.)

Issued Capital                                     NPR 10 Billions (USD 85 Millions approx.)

Paid up Capital                                   NPR 10 Billions (USD 85 Millions approx.)

Ownership

• Promoters’ share of the Paid-up Capital is 70% – that is, NPR 7 Billions (USD 60 Millions approx.)
• NPR 3 Billions – i.e 30% (USD 25 Millions approx.) held by public.

Promoters

 

Promoters of Himalayan Re include leading business houses of Nepal, along with leading financial institutions of the country. Prominent Promoters include;

Golchha Group Shanker Group Infinity Holdings Lucky Group Ramesh Corp Shiv Shakti Group Himalayan Infrastructure Fund Ltd. Shalimar Investment Saffron CK Investments Vaishnav Enterprises

Murarka Group K L Dugar Group M V Dugar Group R H Group M S Corp IME Group Prem Gurung and Group Ashlesha Enterprises Allied Continental Balaji Marbles

All of the above listed corporate houses occupy a place of pride on the economic map of Nepal, having their business activities spread across various sectors.

Apart from these business houses, the Promoters include 2 of the topmost commercial banks of Nepal, which are primarily owned by the Government of Nepal.

• Nepal Bank Limited
• Rastriya Banijya Bank Limited