Value Attics Reinsurance has made history by becoming the first private-sector reinsurer in India after being granted a license from the Insurance Regulatory and Development Authority of India (Irdai). This significant milestone has been achieved with the backing of prominent industry figures such as Prem Watsa and Kamlesh Goyal from the Fairfax group. The company’s strategic vision is to harness international reinsurance expertise and bring innovative solutions to the Indian market. With an initial paid-up capital of Rs 200 crore, Value Attics Reinsurance is poised to commence its operations imminently, marking a new era in the Indian reinsurance sector.