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.
The Indian export credit insurer continues to benefit from robust capital support and steady investment income, despite exposure to concentrated risks.
Violent demonstrations in Kathmandu caused extensive damage to businesses and institutions, with reinsurance, primarily through Nepal Re, expected to cover the majority of industry losses.
