Kathmandu:A reinsurance agreement has been signed between Citizen Life Insurance(CLI) Company Limited and Nepal Re-insurance Company Limited. In the budget of 2075/76, provision was made for at least 20 percent compulsory reinsurance in Nepal.
Citizen Life Insurance Company has an agreement with Nepal Re to provide 100 percent reinsurance support, said Poshak Raj Poudel, CEO of Citizen Life.
Chief Executive Officer of Nepal Reinsurance Company Limited Shankar Rayamajhi and Chief Executive Officer of Citizen Life Insurance Company Limited Poshak Raj Poudel signed the agreement at a program organized on Friday.
