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...

Kathmandu : Himalayan Everest Insurance has entered its 30th year after completing its 29th year of establishment. Himalayan Everest Insurance is one of the leading non-life insurance companies in Nepal, which was formed by merging the former Himalayan General...

Kathmandu : Himalayan Everest Insurance has entered its 30th year after completing its 29th year of establishment. Himalayan Everest Insurance is one of the leading non-life insurance companies in Nepal, which was formed by merging the former Himalayan General...

Kathmandu : 24 thousand 103 people have applied for the first phase IPO issued by Himalayan Re Insurance. According to CDS, applications for 24 lakh 72 thousand 990 shares have been received today i.e. till 5:08 pm on 1...

Kathmandu : The Applications for the IPO of Himalayan Reinsurance can be provide from November 4th. In the first phase, the company is going to issue foreign employment for Nepalese citizens its employees and collective investment fund. The company...