The planned 10-year Reg S bond will be used for refinancing and general corporate purposes, marking the insurer’s first return to offshore debt markets in more than a year.
Losses from hotels, retailers and vehicle dealers already exceed billions of rupees, raising concerns over insurers’ capital strength and Nepal Re’s capacity to absorb claims.
Industry expected to reach US$3.3bn by 2030 as vehicle sales surge, but insurers face mounting claims costs from natural disasters and increased traffic incidents.
