Nepal Reinsurance Company Limited (Nepal Re), the successor of the Insurance Pool that was set up in 2003 with the aim to cover damages caused by terrorism, was incorporated on 7th November 2014, under the Companies Act, 2006 of Nepal in accordance with the decision of Council of Ministers (Nepal) dated 7th August 2014 to convert the Insurance Pool, Nepal into a reinsurance company.
Nepal Re was formally inaugurated on 22nd December 2014 by the Honorable Finance Minister Dr. Ram Sharan Mahat.
It is established in the PPP Model with equity participation of the Government of Nepal, Insurance Companies and Nepal Reinsurance Company Limited (Nepal Re).