Nepal Life Insurers Invest Rs 789.82 Billion Across Diverse Financial Sectors

Nepal's life insurance companies have invested Rs 789.82 billion in various financial sectors including government bonds, fixed deposits, and bank debentures, indicating robust capital deployment strategies.

Boston Mutual Life Names Grant D. Ward Sr. as New CEO

Boston Mutual Life Insurance Company appoints Grant D. Ward Sr. as CEO effective January 2026, signaling continuity and expertise in life insurance leadership and strategic growth.

Indian Companies Boost Capital via NCDs and External Borrowings

Indian financial and industrial firms including IRFC, Motilal Oswal, HDFC Life, and Canara Bank are raising capital through NCD issuances and external borrowings to strengthen funding and operational capacity.

Symetra Marks 5 Years of Social Impact with $1M in Grants to Nonprofits

Symetra Life Insurance celebrates 5 years of its 'Symetra Empowers Communities' initiative, awarding $1 million in grants to nonprofits addressing economic mobility and housing challenges nationwide.

Macau Tightens Regulatory Controls on Life Insurance Referral Business

Macau's insurance regulator enforces stricter rules on life insurance referral business, emphasizing compliance, due diligence, and transparency to strengthen market integrity.

Sumitomo Life Reduces Apple Holdings Slightly Amid Steady Institutional Demand

Sumitomo Life Insurance trims Apple stock holdings slightly; institutional investors maintain strong positions amid Apple's solid Q3 earnings and positive analyst outlook.

Impact of GM Bankruptcy on Retiree's Pension and Insurance Raises Industry Concerns

The bankruptcy of General Motors led to significant pension and life insurance losses for retirees like Ed Bambas, highlighting risks in retirement security and insurance coverage for veterans and former employees.

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Hong Kong Insurers Brace for $334M Claims After Deadly Wang Fuk Court Fire

Hong Kong's insurance sector faces over US$334M in claims after the Wang Fuk Court fire, with insurers streamlining claims and offering premium relief.

Nepal Non-Life Insurance Sector Sees Nearly 13% Growth; Micro-Insurance Expands Over 40%

Nepal's non-life insurance sector grew 12.93% in early fiscal 2082/83, driven by micro-insurance expansion and increased market penetration across rural and low-income areas.