Reinsurance News

himalayan re

AM Best removes from under review & upgrades credit ratings of Himalayan Re

24th January 2024

Global credit ratings agency AM Best, has announced that it has removed from under review with positive implications, and upgraded the Financial Strength Rating to B+ (Good) from B (Fair) and the Long-Term Issuer Credit Rating to “bbb-” (Good) from “bb+” (Fair) of Himalayan Reinsurance Limited (Himalayan Re) (Nepal). The agency said ... Read the full article

Himalayan Re approved to do reinsurance business from India

22nd January 2024

Privately owned reinsurance company, Himalayan Re-Insurance, has expanded its business to 31 countries as it has been allowed to do reinsurance business from India. According to the announcement, the country’s Insurance Regulatory and Development Authority approved and granted the reinsurer a reference number on January 16, 2024. The Nepal-based reinsurance company also ... Read the full article

Himalayan Re goes live with Eurobase’s reinsurance platform Synergy2

18th May 2023

Eurobase has announced that Himalayan Re has gone live with Synergy2, its best-of-breed reinsurance platform. Eurobase has maintained its 100% success rate for implementations and delivered an integrated, complete, end-to-end reinsurance administration platform. Himalayan Re’s critical functional requirements have been met with Synergy2’s vast capabilities, and the 'go live' of ... Read the full article

AM Best reviewing Himalayan Re with positive implications

3rd March 2023

Ratings agency AM Best has announced that it has placed under review with positive implications the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb+” (Fair) of Himalayan Reinsurance Limited (Nepal). AM Best stated that the ratings of Himalayan Re have been placed under review with ... Read the full article

Himalayan Re invests in Eurobase technology platform to support its reinsurance operations

15th August 2022

Himalayan Re has invested in Synergy2 – Eurobase’s platform for global reinsurers, to support its end-to-end reinsurance operations. The Synergy2 platform is a release-based solution helping reinsurers achieve sustainable, strategic growth in the digital age. Himalayan Re selected Synergy2 to meet its deep functional requirements and deliver operational efficiency across the business. The ... Read the full article

AM Best rates Himalayan Re

16th February 2022

AM Best has assigned a Financial Strength Rating of B (Fair) and a Long-Term Issuer Credit Rating of “bb+” (Fair) to Himalayan Re. The agency described the outlook to these ratings as being ‘stable’ and that the company’s balance sheet was strong. It also said it had an adequate operating performance, limited ... Read the full article