Kathmandu – The share price of Sanima GIC Insurance has been adjusted on the Nepal stock Exchange (NEPSE) following the company’s book closure for its general meeting and dividend distribution. NEPSE has accounted for the issuance of 7.50 percent...

Hongkong  – The Hong Kong Insurance Authority (IA) has issued a public warning about a fraudulent website falsely claiming to represent AIA International Limited, an authorized insurer in Hong Kong. The website appears to be designed to steal customer...

Frankfurt (Reuters) – Munich Re has signed a definitive agreement to acquire NEXT Insurance for $2.6 billion, making it part of ERGO, Munich Re’s primary insurance arm. The acquisition marks a significant expansion into the US small and medium-sized...

Kathmandu – Nepal Insurance Authority Gandaki Province is set to conduct the life insurance agent examination on Chaitra 12 (March 25). The exam will take place on Tuesday from 11:00 AM to 12:30 PM. The Authority announced the schedule...

Kathmandu – Nepal Professionals Society (NIPS) Lumbini Chapter organized a farewell and welcome program for the outgoing and incoming Lumbini Region Chiefs of Nepal Insurance Authority (NIA). The event marked the farewell of Purna Bahadur Thapa, who served as...

Kathmandu – Nepal Insurance Authority (NIA) and the Royal Monetary Authority (RMA) of Bhutan have agreed to strengthen bilateral cooperation and exchange of expertise in the insurance sector. The discussions took place during a meeting between Sharad Ojha, Chairman...

Kathmandu – Nepal Reinsurance Company Limited has announced plans to invest in term deposits using its investable funds in both Nepali and American dollars. The company has invited financial institutions in categories A, B, and C, licensed by Nepal...

Kathmandu – The Nepal Insurance Authority has introduced a new framework to simplify and streamline the foreign exchange settlement process for reinsurance purposes. The new guidelines mandate non-life insurance companies to submit the required documents for foreign currency exchange....

Beijing/Shanghai (Reuters) – Ping An Insurance (Group) Co of China Ltd has reported a 47.8% increase in net profit for 2024, driven by strong performance in its life and health insurance business as market demand rebounded. The company posted...

Kathmandu – Today is the last day for shareholders of Sanima GIC Insurance Limited to secure their dividend. The company is set its book closure for the seventh annual general meeting (AGM) and dividend distribution on March 21. Only...