Friday 10th October 2025
Kathmandu — Nepal Reinsurance Company CEO Surendra Thapa, who had earlier announced his resignation, has returned to office, raising questions about ethics and professional integrity within the company. Thapa had reportedly announced his resignation during a board meeting on Ashoj 1 (September 17), stating he would no longer continue...
Kathmandu — Life often rewards those who refuse to give up, and Mitra Lal Neupane of Citizen Life Insurance stands as a shining example. His life story reflects how courage, determination, and consistent effort can turn challenges into milestones. From serving nearly three decades in the Indian Army to...
Kathmandu — Life often rewards those who refuse to give up, and Mitra Lal Neupane of Citizen Life Insurance stands as a shining example. His life story reflects how courage, determination, and consistent effort can turn challenges into milestones. From serving nearly three decades in the Indian Army to becoming a top-performing agency manager at Citizen Life Insurance, Neupane’s journey is one of perseverance,...
Kathmandu — The number of insurance claims for physical property damage caused during recent protests continues to rise. In contrast, the total claim amounts are being adjusted as surveyors assess the damages on the ground. According to the Nepal Insurance Authority (NIA), as of Wednesday (Ashoj 22), the total insurance claim amount for physical and other damages reported by...
Editorial For the Nepal Insurance Authority (NIA), the past seven months have been marked not by regulatory breakthroughs, but by turmoil. The nation’s apex insurance watchdog has seen two of its most senior leaders fall under scrutiny—one acquitted, the other suspended—and now stands cautiously under interim leadership. These events, unfolding one after another, have exposed not just the fragility...
AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa” (Superior) of Swiss Reinsurance Company Ltd (Switzerland) and its rated operating affiliates, all subsidiaries of Swiss Re Ltd (Swiss Re). At the same time, AM Best has affirmed the Long-Term Issue Credit Ratings (Long-Term IRs) on the debt...
Kathmandu – Global IME Bank Limited has rolled out a new product, the ‘Goal Based Saving’ scheme, designed to help customers set and achieve financial targets with greater convenience. The scheme, available through the Global Smart Plus mobile banking app, allows users to plan their savings by selecting a target amount and duration, while the system calculates the required monthly savings, applicable interest rate, and maturity timeline. Customers can...
