Stories Tagged 'Nepal reinsurance company limited'
Nepal Reinsurance Company Limited (NRCL) said it paid Rs750 million in retrocession transactions to foreign reinsurers out of its total insurance premium portfolio worth Rs4 billion in the fiscal year 2017-18.
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Nepal Reinsurance Company Limited (NRCL) plans to increase transactions with Indian and other foreign insurance companies after strengthening its capital base. The company, which is currently preparing to boost its paid-up capital, wishes to diversify its business portfolio and enter new areas including the aviation sector.
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Nepal Reinsurance Company Limited (NRCL), the first of its kind in the country, is issuing initial public offerings (IPO) worth Rs1.28 billion to the public. The company is allotting 16 percent of its targeted paid up capital of Rs8 billion at the base rate of Rs100 per unit share to the general people.
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