Frankfurt (Reuters) — The global reinsurance giant Swiss Re has posted a 16% year-on-year rise in net profit for the first quarter of  the year 2025, defying expectations even as it absorbed $570 million in claims from devastating wildfires...

Kathmandu — Nepal Reinsurance Company Limited has reported a net profit of Rs 63.3 million for the first quarter of the current fiscal year, a significant turnaround from the net loss of Rs 475.6 million recorded in the same...

Kathmandu — Himalayan Reinsurance Limited has posted a net profit of Rs 989.3 million in the third quarter of the current fiscal year, reflecting a 6.25% year-on-year growth compared to Rs 931.1 million in the same period last year....

Kathmandu — Nepal Reinsurance Company Limited has called on its shareholders to claim their pending cash dividends before they are transferred to the Investor Protection Fund. According to the company, as per regulatory provisions, any cash dividend approved by...

Kathmandu — Himalayan Reinsurance has proposed a 4.74 percent dividend for its shareholders. The decision was made during a meeting of the company’s board of directors held on Baisakh 22 (May 5). According to the proposal, the company plans...

Zurich (Swiss Re) – Global insured losses from natural catastrophes could surge to $145 billion this year, continuing the long-term annual growth trend of 5–7%, according to the Swiss Re Institute’s latest sigma report. The rise is driven primarily...

Kathmandu — In a significant policy shift, the Nepal Insurance Authority has entrusted Himalayan Reinsurance with the exclusive management of the foreign employment term life insurance fund for the next four years. The decision marks a move toward centralized...

Zurich — Swiss Re has announced the appointment of Bernhard Kaufmann as its next Group Chief Risk Officer (CRO), effective October 1, 2025. He will succeed Patrick Raaflaub, who currently holds the position. Kaufmann brings nearly two decades of...

The first quarter of 2025 has seen an alarming surge in economic losses from natural disasters, with damages reaching an unprecedented $83 billion globally, according to risk and reinsurance broker Aon. The bulk of this devastation was concentrated in...

Kathmandu — Nepal Reinsurance Company Limited has announced the appointment of Emil Pradhan as a new member of its board of directors. The decision was made during the company’s board meeting held on Baisakh 2 (April 15). Pradhan steps...