AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa” (Superior) of Swiss Reinsurance Company Ltd (Switzerland) and its rated operating affiliates, all subsidiaries of Swiss Re Ltd...

Kathmandu – Surendra Thapa, Chief Executive Officer of Nepal Reinsurance Company, has filed a complaint with the Metropolitan Police Complex, Kathmandu, citing concerns for his personal safety. Thapa, who had not been seen at his office for the past...

Kathmandu – Nepal Reinsurance Company, a government-invested reinsurance firm, has commenced the claim settlement process in collaboration with Germany-based Hannover Re following the extensive arson and vandalism during the Gen Z protest on Bhadra 23 and 24. According to...

Kathmandu — Nepal Reinsurance Company has emerged as the largest company in terms of market capitalization on the Nepal Stock Exchange (NEPSE), overtaking Bishal Bazaar Company. Investor interest in Nepal Reinsurance has remained high despite recent fluctuations in the...

Kathmandu – A wave of rumors in the capital market today suggested that Nepal Reinsurance Company was under financial strain due to the large volume of insurance claims filed following the Gen Z protests. The speculation intensified after the...

Kathmandu – The Nepal Insurance Association has formally written to the Nepal Insurance Authority, raising concerns over delays in claim settlements by the two reinsurance companies operating in the country. According to the association, insurance companies are facing financial...

Asia’s reinsurers are increasingly expanding into mature overseas markets to diversify risk and better manage underwriting cycles, according to a new report by AM Best. The report, Asia in Focus: A Two-Way Street for Reinsurance Diversification, shows that most...

Swiss Re has secured the top position in AM Best’s latest “World’s 50 Largest Reinsurers” rankings under IFRS 17 reporting standards, moving ahead of Munich Re. The rankings were published ahead of the Rendez-Vous de Septembre in Monte Carlo,...

Swiss Re has delivered strong financial results in the first half of 2025, reporting a net income of US$2.6 billion. The reinsurer achieved a return on equity (ROE) of 23%, up from 19.6% a year earlier, supported by solid...

Kathmandu – Himalayan Re Insurance has reported a modest increase in net profit for the fourth quarter of the previous fiscal year, according to its unaudited financial statements. The reinsurer earned a net profit of Rs 1.39 billion by...