Value Attics Reinsurance has made history by becoming the first private-sector reinsurer in India, following the issuance of a license from the Insurance Regulatory and Development Authority of India (Irdai). Supported by Fairfax group’s Prem Watsa and Kamlesh Goyal, the company is focused on utilizing international reinsurance knowledge and experience. With an initial paid-up capital of Rs 200 crore, Value Attics Reinsurance is gearing up to launch its operations in the Indian market imminently.