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Dollar crisis hits reinsurance payments of over $100 million

Posted On: Mar. 20, 2023 9:52 AM CST


A severe shortage of dollars in Bangladesh has forced about a dozen local privately held insurers to halt reinsurance premium payments of over $100 million to foreign reinsurers, Asia Insurance Review reported citing New Age. In 2022, companies ceded reinsurance worth around $150 million overseas.