Nepal’s Himalayan General and Sagarmatha to merge: report
August 16 2021 by Raymond Barrett
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Nepal’s ‘Gen Z riot’ losses impose financial strain on (re)insurers: AM Best
- September 24
Outsized proportion of losses, reported to be over US$177m, could impact earnings and capital of the market, which has a combined GWP of US$317m.
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Nepal political riots claims near US$150m, regulator says
- September 19
Violent protests caused widespread property damage after the parliament building, government offices, the Supreme Court and the newly-opened Hilton hotel in Kathmandu were set ablaze.
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Nepal’s Himalayan Re to generate ‘positive’ FY24 underwriting margins: AM Best
- February 24
Rating agency affirms financial strength rating of B+ (Good) and a long-term issuer credit rating of bbb- (Good), with a stable outlook.
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Tibet earthquake compensation payments, pre-payments near US$5m
- January 14
China's insurance industry has paid full compensation to the 126 victims of last week's deadly earthquake.
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