Kathmandu : Nepal Re-Insurance Company Limited has opened the application for Chief Executive Officer (CEO). The company has requested applications from eligible Nepali citizens to fill the vacant CEO post through open competition. Nepali citizens who have reached the...

Kathmandu : Nepal Re-insurance Company is going to sell 3.5 million shares. The company is going to sell 3 million 587 thousand 434 shares owned by the four founding shareholders from 20th of February, 2024 A.D (8th of Falgun,...

Kathmandu: Nepal Re-Insurance Company Limited is going to invest in term deposits. The company is going to invest in banks and financial institutions licensed by Nepal Rastra Bank in ‘A’ category. Banks and financial institutions who want to take...

Kathmandu : About 9500 insured have surrendered their insurance policies from life insurance companies. The impact of the economic downturn has also been seen in the insurance sector. In the month of December/January (Mangsir month) alone, 9,744 people have...

The Bank of England may tighten supervision of life insurers’ use of the “funded reinsurance” market, typically alternative asset managers who make riskier investments, as corporate pension providers increasingly rely on this offshore sector. Funded Reinsurers help insurers manage...

Kathmandu : Damodar Bhandari has been appointed as the Chief Executive Officer (CEO) of Nepal Reinsurance Company. According to the decision of the Board of Directors meeting held on 28th of December, 2023 A.D of the company, Bhandari has...

Kathmandu: Applications can be made for the auction of the founding shares of Himalayan Life Insurance Company from 17th of December, 2023 A.D. The company has auctioned 124 thousand 833 shares owned by Ganesh Properties and Investments Pvt Ltd....

Global insured losses from severe thunderstorms have hit a new all-time high of US$60 billion in 2023, with overall natural catastrophe claims surpassing $100 billion, according to Swiss Re Institute in a new report. As the US is particularly...

Kathmandu: Himalayan Reinsurance has opened its IPO for the general public. The IPO has been opened for public to fill from 13th of December (27th of Mangshir). The company has allotted 30 million shares of Rs.100 per share which...

Substantial rate improvements, higher attachment points and rising investment income are combining with increased demand for reinsurance cover to create a stable outlook for the global reinsurance sector, according to AM Best in a report. Of course, headwinds still...