Kathmandu – The Supreme Court has ruled against Chaudhary Group (CG) in its Rs 580 million insurance claim case related to a fire at CG Electronics Pvt. Ltd. in Satungal. The verdict upholds previous decisions by the Insurance Authority...

Kathmandu – Sanima Reliance Life Insurance Limited has requested its shareholders to pay the tax on bonus shares approved during its general meeting on October 9, 2024. The company had decided to distribute 18.3811 percent bonus shares based on...

Kathmandu – The latest financial reports of Nepal’s non-life insurance companies indicate a stable and improving solvency ratio, a key measure of financial strength and risk-bearing capacity. The average solvency ratio across these companies has risen to 2.67, marking...

Kathmandu – The Ministry of Finance has approved an additional Rs 3.84 billion to support various health-related programs, including health insurance payments. Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel sanctioned the funds following a request from the...

Kathmandu – The IPO distribution date for Nepal Micro Insurance has been confirmed. According to NIMB Ace Capital, the issue manager, the IPO will be distributed on Thursday, March 6, at 8:30 AM. A total of 1.2 million applicants...

Kathmandu – Joint Secretary Sebantak Pokharel has been appointed as the director of Nepal Reinsurance Company. The decision was made during a meeting of the Government of Nepal, chaired by the Prime Minister and the Minister of Finance, on...

Kathmandu – The stock market saw a significant decline on Tuesday, the third trading day of the week. Despite the market’s downturn, Himalayan Reinsurance once again recorded the highest turnover, reaching Rs 1.09 billion. Among other high-turnover stocks, Nepal...

Kathmandu – Guardian Micro Life Insurance continues its bullish run, hitting a positive circuit for the 16th consecutive day. Since the company’s shares began trading on February 9, their value has seen a consistent upward trend. Today, within a...

Munich – Munich Re has once again outperformed expectations, reporting a net profit of €5.7 billion for the 2024 financial year—€700 million above its original target. This marks the fourth consecutive year of exceeding profit goals, reflecting the company’s...

Kathmandu – United Ajod Insurance Limited has once again urged insured individuals to submit the necessary documents for their agriculture and livestock insurance claims filed last year until July 15, 2024. Despite an earlier notice, the company stated that...