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Insurance pool, Nepal was established pursuant to sub-Rule 1 of rule 3 of “Akasmik Beema Kosh Sanchalan Niyamawali, 2060″ enacted by the Government of Nepal to make arrangement of reinsurance for bearing the claim of risk group in 2060 with equity participation of the government of Nepal and 14 non-life companies (later three non life-insurance companies came in existence and included as share holders), to cover damages caused by terrorism. Nepal Reinsurance Company Limited which is the successor of Insurance Pool, hereinafter referred to as Nepal Re, was incorporated on 7 November 2014, under the Companies Act, 2006 of Nepal in accordance to the decision of Council of Ministers (Nepal) dated 7th June, 2014 (2071/04/21 B.S) to convert the Insurance Pool, Nepal into Reinsurance Company. There are 18 stakeholders of Nepal Re including the Government of Nepal and seventeen non life insurance companies. Nepal Re is the first reinsurance company in Nepal. Nepal Re has been established with an objective to enterprise Reinsurance Business in Nepal and contributes towards the economic growth of the country. It also contributes in the national as well as international risk management.