Dollar crisis hits reinsurance payments of over $100 million
Posted On: Mar. 20, 2023 9:52 AM CST![Reinsurance](https://bicontent.businessinsurance.com/a56d442a-368c-42f5-b7c7-e50ed574ce4b.jpg)
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.