Kathmandu – The Nepal Insurance Authority has instructed foreign reinsurance brokers to establish offices in Nepal within three months, in line with the Reinsurance Directive for Life Insurance, 2080. According to the directive, reinsurance brokers listed with the authority...

Kathmandu – A seminar on risk management and contemporary issues in insurance was held in Dhangadhi on Saturday, organized by the Nepal Insurance Professional Society (NIPS) in collaboration with the Nepal Insurance and Risk Management Association (NIRMA). Prakash Bam,...

Frankfurt (Reuters) – Munich Re has signed a definitive agreement to acquire NEXT Insurance for $2.6 billion, making it part of ERGO, Munich Re’s primary insurance arm. The acquisition marks a significant expansion into the US small and medium-sized...

Kathmandu – Nepal Reinsurance Company Limited has announced plans to invest in term deposits using its investable funds in both Nepali and American dollars. The company has invited financial institutions in categories A, B, and C, licensed by Nepal...

Kathmandu – The stock market witnessed a double-digit decline on Wednesday, with the NEPSE index falling by 14.88 points to close at 2682.15 points. The drop was driven largely by a significant decrease in the prices of insurance company...

Kathmandu – The Nepal Insurance Authority has instructed all life insurance, non-life insurance, and reinsurance companies to establish an “Investment Management Unit” under the leadership of senior management personnel with relevant investment experience. According to the Authority, the companies...

Zurich (Reuters) – Swiss Re, one of the world’s largest reinsurance companies,  has announced an agreement to sell 11,647,217 common shares of Definity Financial, representing approximately 10.05% of Definity’s issued and outstanding common shares as of March 17, 2025....

Kathmandu – Joint Secretary Sebantak Pokharel has been appointed as the director of Nepal Reinsurance Company. The decision was made during a meeting of the Government of Nepal, chaired by the Prime Minister and the Minister of Finance, on...

Kathmandu – The stock market saw a significant decline on Tuesday, the third trading day of the week. Despite the market’s downturn, Himalayan Reinsurance once again recorded the highest turnover, reaching Rs 1.09 billion. Among other high-turnover stocks, Nepal...

Munich – Munich Re has once again outperformed expectations, reporting a net profit of €5.7 billion for the 2024 financial year—€700 million above its original target. This marks the fourth consecutive year of exceeding profit goals, reflecting the company’s...