Value Attics Reinsurance has made history by becoming the first private-sector reinsurer in India, following the issuance of a license by the Insurance Regulatory and Development Authority of India (Irdai). With the strong backing of Fairfax group’s Prem Watsa and Kamlesh Goyal, the company is poised to tap into international reinsurance expertise to offer innovative solutions in the Indian market. Starting with a substantial paid-up capital of Rs 200 crore, Value Attics Reinsurance is gearing up to kickstart its operations in the near future. This development marks a significant milestone in the Indian insurance industry, signaling a new era of competition and growth.