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...

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...

Zurich – Swiss Re has announced a strong financial performance for 2024, recording a net income of USD 3.2 billion and achieving a 15% return on equity (ROE). The company’s Board of Directors has proposed an 8% increase in...

Reuters Global reinsurance giant Swiss Re has projected approximately $700 million in preliminary claims related to the devastating wildfires in Los Angeles. The firm also estimated that total insured market losses from the disaster could reach $40 billion. Despite...

Kathmandu – The Nepal Stock Exchange (NEPSE) index recorded a gain of 3.35 points on the second trading day of the week, closing at 2,758.75 points. The total turnover for the day reached Rs 11.8 billion, reflecting active participation...

Kathmandu – The leadership of Nepal Reinsurance Company is under scrutiny following revelations that its chairman, CEO, and board members submitted a proposal to the Nepal Insurance Authority that could negatively impact their own company. Nepal Reinsurance Company, which...

Kathmandu – The implementation of a new regulatory framework by the Nepal Insurance Authority has raised concerns about its impact on government-invested companies, particularly Nepal Reinsurance Company. The decision to introduce the Foreign Employment Insurance Pool has drawn criticism...

Kathmandu – The stock market saw a double-digit increase on Monday, the second trading day of the week, with Nepal Reinsurance Company Limited recording the highest turnover. Shares of Nepal Reinsurance worth Rs 326.4 million were bought and sold,...

Kathmandu – Nepal’s two reinsurance companies in operation — Nepal Reinsurance Company Limited and Himalayan Reinsurance Limited have made total investments amounting to Rs 40.63 billion across various sectors during the first six months of the current fiscal year,...