Kathmandu — The credit rating of Nepal Reinsurance Company Limited has been downgraded. ICRA Nepal has lowered the company’s issuer rating from the earlier ‘Double A Minus’ level to ‘A’. At the same time, the company has been kept...

International — The United States and Iran are expected to sign a landmark Memorandum of Understanding in Switzerland on June 19 that would formally end hostilities between the two countries and open the door to comprehensive negotiations aimed at...

Kathmandu  — The Nepal Insurance Authority has issued letters suspending all chairpersons and directors of insurance companies who have been charged in criminal cases. According to sources, the Insurance Authority sent suspension notices yesterday evening to all chairpersons, directors, and...

Kathmandu — The Insurance Authority has clarified the uncertainty over whether CEOs and employees of insurance companies should be suspended after criminal cases have been formally filed against them. The clarification comes after the Authority decided to suspend CEOs,...

Kathmandu — Stakeholders have expressed concern that the insurance industry itself could come under significant financial strain if insurance premiums for electric vehicles (EVs) are not increased. The issue was highlighted at a program organized yesterday in Kathmandu by...

Kathmandu — Credit rating agency CARE Ratings Nepal has reaffirmed the issuer rating of Reliable Nepal Life Insurance, maintaining its ‘CARE-NP A- (Issuer)’ rating. The rating indicates that the company provides an adequate degree of safety with respect to...

Kathmandu — Nepal Reinsurance Company has published its financial statements for the second quarter of fiscal year 2025/26. The company had been unable to release its financial statements earlier due to issues related to a disorganized audit process, but...

Elon Musk has reached a financial milestone that highlights the scale of his business empire and the growing influence of founder-led mega corporations. Following SpaceX’s debut on public markets and a surge in valuation, Musk is now widely described...

Kathmandu – The investigation into what is being described as the largest scandal in Nepal’s insurance history has concluded. Following an investigation by the Central Investigation Bureau (CIB), a case was filed yesterday at the Kathmandu District Court. A total...

Kathmandu – What is being described as the largest case in Nepal’s insurance sector to date has been filed, with money laundering charges brought against 81 individuals and entities accused of manipulating the stock market. The case stems from allegations...