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Nepal Reinsurance expands wings in foreign countries

Nepal Reinsurance expands wings in foreign countries

Nepal Reinsurance Company Limited (NRCL) said it paid Rs750 million in retrocession transactions to foreign reinsurers out of its total insurance premium portfolio worth Rs4 billion in the fiscal year 2017-18. Retrocession is a transaction in which a reinsurance company reinsures risks it has reinsured with another reinsurer. According to…
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