Global reinsurer Munich Re has announced a strong preliminary net profit of €2.1 billion for the second quarter of 2025—up €500 million year-on-year—driven by low major-loss expenditures in its property and casualty (P&C) reinsurance segment. The German reinsurer also...

Kathmandu — Nepal’s stock market ended the trading week with a remarkable upswing, as the NEPSE index jumped by 75.84 points to close at 2,870.63 on Thursday. The surge marks one of the strongest single-day gains in recent weeks,...

Global credit rating agency AM Best has released its much-anticipated annual ranking of the world’s largest reinsurance companies—and for the first time, the list has been split in two. The cause? The uneven adoption of IFRS 17, the new...

Kathmandu – A powerful explosion at the main furnace of Jagdamba Steel, a flagship company under the Shankar Group, has caused damage reportedly worth millions of rupees, prompting serious questions over the insurance and reinsurance arrangements tied to the...

Kathmandu – The Nepal Insurance Authority (NIA) convened a high-level discussion and interaction program with key stakeholders from the insurance and reinsurance sector. The program was held at the Marriott Hotel in Kathmandu on Thursday. The event brought together...

Kathmandu – The Nepal Insurance Authority (NIA) has called on insurance companies to significantly enhance their use of information technology and strengthen data management practices to promote the growth and transparency of the insurance sector. Speaking at a discussion...

Aon’s latest midyear 2025 Reinsurance Market Dynamics report has revealed that global reinsurance capital rose to $720 billion by the end of the first quarter, up from $715 billion during the same period in 2024. The report highlights a...

Kathmandu — A growing number of insurance companies in Nepal have yet to hold their annual general meetings (AGMs), leaving shareholders waiting for financial updates and returns. Even as the current fiscal year nears its end, nine companies are...

Kathmandu — Nepal Insurance Authority (NIA) Chairman Sharad Ojha has instructed all insurance companies to strengthen their internal mechanisms to combat money laundering and enhance financial transparency in the insurance sector. Speaking at a capacity-building program organized by the...

Kathmandu — Nepal Reinsurance Company Limited has announced its intention to invest in term deposits and has called on eligible institutions to submit sealed proposals. In a public notice issued on Wednesday, the company invited proposals from national-level banks...