Kathmandu – Neco Insurance Limited has announced plans to issue right shares worth Rs 503.9 million starting February 20. The company will offer 21.23 million shares at a face value of Rs 100 per share, amounting to 25 percent...

Kathmandu – NLG Insurance Company Limited has issued a notice regarding the sale of unsold rights shares from its promoter and public groups. Despite earlier efforts to allocate these shares, a portion remains unsold, prompting the company to invite...

Kathmandu – The government has transferred Rs 800 million to the Nepal Insurance Authority to settle insurance claims for farmers involved in agricultural crop and livestock farming. This funding aims to provide relief to thousands of farmers who have...

Kathmandu – Shikhar Insurance Company has announced its dividend distribution plan for shareholders. During a board of directors meeting held on last week, the company decided to allocate a 10 percent bonus share and a 0.5263 percent cash dividend...

Kathmandu – Neco Insurance Limited, one of Nepal’s leading and oldest non-life insurance companies, is hiring for multiple positions across the country. The company is seeking dynamic, qualified, and result-oriented individuals with strong communication and interpersonal skills to join...

Kathmandu – Rena Rijal is set to be appointed as the Deputy Chief Executive Officer (DCEO) of United Ajod Insurance Company. The position has been vacant for the past five months following the departure of former DCEO Naveen Subedi....

Kathmandu – As the second week of the month of Magh draws to a close, the majority of Nepal’s insurance companies have failed to meet the regulatory deadline for submitting their financial statements. According to the Nepal Insurance Authority,...

Kathmandu – The share price of Neco Insurance Company has been adjusted on the Nepal Stock Exchange (NEPSE). The adjustment was made on Tuesday to account for the company’s 25 percent right share issuance. Following the adjustment, the share...

Kathmandu – Non-life insurance companies, including four micro-insurers, have collected over Rs 21.30 billion in insurance premiums by end of the Poush month, according to data released by the Nepal Insurance Authority. The premiums were generated from various policies,...

Kathmandu – Allegations of irregularities have surfaced against Sagarmatha Lumbini Insurance Company (SALICO) regarding the conversion of promoter shares of the then Sagarmatha Insurance Company into general public shares. The process, which was supposed to adhere to the approval...