Nepal Reinsurance Company Reports Decline in Profits for Last Fiscal Year

Kathmandu – Nepal Reinsurance Company Limited has published its financial statements for the fourth quarter of the last fiscal year (2080/81), revealing a decrease in net profit and earnings per share compared to the previous year. Additionally, the company...


Reinsurance Sector Faces Challenges as Climate Change and Urbanization Drive $350 Billion in Losses

Kathmandu – A recent study has revealed that climate change and uncontrolled urban activities resulted in approximately $310 billion in economic losses worldwide in 2024, significantly impacting the global insurance sector. The increasing frequency and severity of natural disasters...


Nepal Insurance Authority Directs Foreign Reinsurance Brokers to Establish Offices

Kathmandu – The Nepal Insurance Authority has instructed foreign reinsurance brokers to establish offices in Nepal within three months, in line with the Reinsurance Directive for Life Insurance, 2080. According to the directive, reinsurance brokers listed with the authority...


Seminar on Risk Management and Insurance Held in Dhangadhi

Kathmandu – A seminar on risk management and contemporary issues in insurance was held in Dhangadhi on Saturday, organized by the Nepal Insurance Professional Society (NIPS) in collaboration with the Nepal Insurance and Risk Management Association (NIRMA). Prakash Bam,...


Munich Re to Acquire NEXT Insurance in $2.6 Billion Deal

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...


Nepal Reinsurance Company to Invest in Term Deposits

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...


NEPSE Drops by 14.88 Points as Insurance Stocks Decline

Kathmandu – The stock market witnessed a double-digit decline on Wednesday, with the NEPSE index falling by 14.88 points to close at 2682.15 points. The drop was driven largely by a significant decrease in the prices of insurance company...


Nepal Insurance Authority Directs Establishment of Investment Management Units

Kathmandu – The Nepal Insurance Authority has instructed all life insurance, non-life insurance, and reinsurance companies to establish an “Investment Management Unit” under the leadership of senior management personnel with relevant investment experience. According to the Authority, the companies...


Swiss Re to Sell 10.05% Stake in Definity Financial for CAD 655 Million

Zurich (Reuters) – Swiss Re, one of the world’s largest reinsurance companies,  has announced an agreement to sell 11,647,217 common shares of Definity Financial, representing approximately 10.05% of Definity’s issued and outstanding common shares as of March 17, 2025....


Sebantak Pokharel Appointed Director of Nepal Reinsurance Company

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...