Insurance Authority Reviews Financial Health of Himalayan Reinsurance

The move follows recent developments linked to an investigation into activities associated with the Hilton Hotel case, carried out in line with directives from the Commission for the Investigation of Abuse of Authority. After the Authority submitted its report, concerns related to money laundering resurfaced. In the aftermath, several company directors have been arrested, and Chairman Shekhar Golchha has resigned.

Sources at the Insurance Authority said the regulator is now studying the impact of these developments on the company. The review includes a detailed assessment of its financial position, including liquidity and other key indicators.

Officials said a white paper is currently being prepared. The findings of the inspection team will guide the Authority’s next steps on regulatory action. A decision will be made on whether the company should be declared troubled or whether it can recover under its existing management.