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.
An actuary with more than two decades in reinsurance moves into the APAC role after leading property and casualty treaty portfolios in Europe and the Mediterranean.
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.
