Nepal Reinsurance Urges Shareholders to Claim Pending Cash Dividends

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...


Himalayan Reinsurance Proposes 4.74% Dividend

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...


Swiss Re Warns of $300 Billion Peak-Year Losses as Climate Risks Escalate

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...


Himalayan Reinsurance to Manage Foreign Employment Insurance Fund Under New Directive

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...


Swiss Re Appoints Bernhard Kaufmann as New Incoming Group CRO

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...


Global Economic Losses in Q1 Hit $83 Billion in 2025, Insured Catastrope Losses Reach $38 Billion: Aon Report

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...


Emil Pradhan Appointed as Director of Nepal Reinsurance Company

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...


Foreign Reinsurance Partnerships Recommended to Reduce Risk in Insurance Sector

Kathmandu — The High-Level Economic Advisory Reform Commission has recommended that Nepal adopt a hybrid reinsurance model by partnering with foreign reinsurance companies to better manage risks and modernize the insurance sector. In its report submitted to the Government...


Nepal Reinsurance Company Reports Decline in Profits for Last Fiscal Year

Kathmandu – Nepal Reinsurance Company Limited has published its financial statements for the fourth quarter of the last fiscal year (2080/81), revealing a decrease in net profit and earnings per share compared to the previous year. Additionally, the company...


Reinsurance Sector Faces Challenges as Climate Change and Urbanization Drive $350 Billion in Losses

Kathmandu – A recent study has revealed that climate change and uncontrolled urban activities resulted in approximately $310 billion in economic losses worldwide in 2024, significantly impacting the global insurance sector. The increasing frequency and severity of natural disasters...