Kathmandu. The Insurance Committee has decided to give the company license to Himalayan Reinsurance in the new reinsurance.

The company includes Shekhar Golchha, president of the Federation of Nepalese Chambers of Commerce and Industry, Bhavani Rana and Pashupati Murarka, former presidents, Satish Kumar Mor, president of the Confederation of Nepal, Shankar Group, KL Dugad Group, MV Dugad Group, Lucky Group and other business houses. Reinsurance, Annapurna Reinsurance, Kathmandu Reinsurance and Genuine Reinsurance had applied for the license.