Himalayan Re-Insurance has been allowed to do reinsurance business from India.

The privately owned reinsurance company has been granted a reference number by the regulatory body of the insurance sector in India, opening the way for the company to do reinsurance business from India.

Himalayan Re-Insurance Limited was approved by India's Insurance Regulatory and Development Authority on January 16.

Within a short period of its establishment, Himalayan Re-Insurance has expanded its business to 31 countries.

Himalayan Re-Insurance has completed the process of issuing shares to the general public.