Value Attics Reinsurance becomes India's first private reinsurer with Irdai license, backed by Fairfax group.

Value Attics Reinsurance, backed by Fairfax group’s Prem Watsa and Kamlesh Goyal, has secured a license from Irdai to become India’s first private-sector reinsurer.

Value Attics Reinsurance, backed by Fairfax group’s Prem Watsa and Kamlesh Goyal, has secured a license from Irdai to become India’s first private-sector reinsurer. The company, with a paid-up capital of Rs 200 crore, is poised to kickstart operations imminently. Leveraging international reinsurance expertise, Value Attics Reinsurance sets a new benchmark in the Indian insurance sector. This significant development marks a milestone in the country’s insurance industry, offering a fresh perspective and innovative solutions. Stay tuned for more updates on Value Attics Reinsurance as it embarks on its journey to reshape the reinsurance landscape in India.