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...

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...

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...

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...