(CNN) – A powerful earthquake with a magnitude of 8.8 struck off Russia’s Far Eastern Kamchatka Peninsula early Wednesday, triggering a tsunami of up to 4 meters and prompting widespread evacuations across the Pacific region, including Japan, Hawaii, and...

Kathmandu – NIC Asia Bank Limited has announced the sale of 100,000 promoter shares of Suryajyoti Life Insurance Company Limited, currently held by the bank. The shares are being offered through a sealed bidding process at a minimum price...

Natural disasters across the globe have caused an estimated US$131 billion in overall losses in the first half of 2025, according to data compiled by Munich Re. While slightly lower than the inflation-adjusted US$155 billion recorded in the same...

Kathmandu — Prabhu Mahalaxmi Life Insurance Company Limited has announced Ram Prasad Ghimire of Kathmandu and Aryan Khan of Butwal as its top-performing agents for the fiscal year 2081/82, acknowledging their outstanding contributions to the company’s life insurance business...

Kathmandu — In a grand celebration of excellence and commitment in the life insurance sector, Sun Nepal Life Insurance Company Limited organized the ‘Sun Nepal Achievers Night 2082’ at Hotel Seven Star Limited in Sauraha. The event recognized and...

Kathmandu — The Nepal Insurance Authority has summoned the Chief Executive Officers (CEOs) of all life insurance companies operating in the country for a high-level meeting aimed at reviewing the current status of the life insurance sector. The meeting,...

Kathmandu — Trust Micro Insurance Limited has been assigned an issuer rating of ‘IRN BB- (IS)’ by Infomerics Credit Rating Nepal Limited, indicating a medium risk in meeting its financial obligations on time. The rating reflects the company’s current...

Kathmandu — Asian Life Insurance Company Limited has extended the deadline for applying for its ongoing rights share issuance. The application period will now remain open until Shrawan 20 (August 5) due to a lower-than-expected number of applications. The...

Kathmandu — United Ajod Insurance Company Limited has announced the sale of 19,882 units of promoter shares registered under the name of promoter shareholder Srijana Joshi. The shares have been offered exclusively to the company’s existing promoter shareholders by...

Kathmandu — Despite repeated commitments made through national budget speeches and policy declarations, the government has yet to insure its buildings — including historic administrative centers like Singha Durbar. With this gap continuing for years, the Nepal Insurance Authority...