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Money laundering case costs over half a dozen CEOs their jobs

KATHMANDU: A major money laundering case filed by the Department of Money Laundering Investigation has led to the suspension of several top executives and directors associated with Nepal’s insurance and reinsurance sector, triggering governance concerns across listed companies. Following the registration of the case at the Special Court, chief...

Money laundering case costs over half a dozen CEOs their jobs
Govt suspends health insurance services in private hospitals, Citing financial crisis

Govt suspends health insurance services in private hospitals, Citing financial crisis

Insurance authority bars Himalayan Reinsurance from new reinsurance business until mid-July

Insurance authority bars Himalayan Reinsurance from new reinsurance business until mid-July

Non-Life Insurance companies’ Profit Falls 47% amid surge in claims after protests and floods

Non-Life Insurance companies’ Profit Falls 47% amid surge in claims after protests and floods

Nepal Insurance claim payouts drop 16.79% to Rs 51.59 bn in 9 months; Unsettled claims cross Rs 52.7 bn

Nepal Insurance claim payouts drop 16.79% to Rs 51.59 bn in 9 months; Unsettled claims cross Rs 52.7 bn

Himalayan Reinsurance faces cascading crises as regulators tighten oversight

Himalayan Reinsurance faces cascading crises as regulators tighten oversight

Sun Nepal Life CEO Rajkumar Aryal arrested over alleged share allocation fraud

Sun Nepal Life CEO Rajkumar Aryal arrested over alleged share allocation fraud

Non-Life insurance premiums hit Rs 32.52 billion in Nepal: Shikhar leads, National Insurance at bottom

Non-Life insurance premiums hit Rs 32.52 billion in Nepal: Shikhar leads, National Insurance at bottom

Himalayan Reinsurance Chair Shekhar Golchha resigns

Himalayan Reinsurance Chair Shekhar Golchha resigns

Sanima GIC Insurance announces 5% bonus shares for shareholders

Sanima GIC Insurance announces 5% bonus shares for shareholders

Two more arrested in Nepal’s ‘Fake Rescue’ scam as probe widens across trekking, aviation, and insurance network

Two more arrested in Nepal’s ‘Fake Rescue’ scam as probe widens across trekking, aviation, and insurance network

Neco Insurance AGM approves 15.78% dividend for shareholders

Neco Insurance AGM approves 15.78% dividend for shareholders

Non-Life Insurance business up 13.37% in Q2; Industry writes over Rs 236 billion in premiums

Non-Life Insurance business up 13.37% in Q2; Industry writes over Rs 236 billion in premiums

Nepal Police uncover $19.7 million fake helicopter rescue scam, Arrest operators targeting foreign trekkers

Nepal Police uncover $19.7 million fake helicopter rescue scam, Arrest operators targeting foreign trekkers

National Life Insurance holds 38th AGM; premium income rises by 10.26 pc

National Life Insurance holds 38th AGM; premium income rises by 10.26 pc

Himalayan Life Insurance decides against dividend distribution

Himalayan Life Insurance decides against dividend distribution

IGI Prudential Insurance approves 5pc cash dividend at annual meeting

IGI Prudential Insurance approves 5pc cash dividend at annual meeting

Nepal Insurance Authority mandates online payments starting Mid-January

Nepal Insurance Authority mandates online payments starting Mid-January

Health Insurance Crisis Deepens as 12.5 Million Hospital Visits Overwhelm System; Severe Funding Shortage Delays Payments to Hospitals

Health Insurance Crisis Deepens as 12.5 Million Hospital Visits Overwhelm System; Severe Funding Shortage Delays Payments to Hospitals

Shikhar Insurance becomes first Nepali insurer to win SAFA certificate of merit for annual report excellence

Shikhar Insurance becomes first Nepali insurer to win SAFA certificate of merit for annual report excellence

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