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MANAGEMENT TEAM |
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- Mr. Mahendra Krishna Shrestha, the Managing Director of the Company,
one of the Promoters and Member of Board.
- Well experience supporting staffs with practical insurance
experience of up to 30 years.
- Other staffs with additional qualification of Chartered Insurer.
Associate of Chartered Insurance Institute of London and also Fellow
of Insurance Institute of India to assist the Managing Director.
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TECHNICAL ASPECT: |
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First Technical Services Agreement with Leslie
& Godwin 1993 - 95 |
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- An International FIRM of Insurance and Reinsurance Brokers with
operation in over 100 countries.
- Renamed as Nicholson & Leslie due to restructuring by the parent
company
- Nicholson & Leslie - wholly owned subsidiary of the AON Group of
America whose world-wide assets exceeded US $ 16 Billion.
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Second Technical Services Agreement with Swire
Blanch Asia, Singapore - 1995 - 98 |
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- Jointly owned by the Swire Fraser and the S.W. Blanch
- The Swire Fraser, the International Insurer and the Reinsure Broker
and also a member of the Lloyd's of London.
- The E. W. blanch is one of the leading insurance company of U.S.A.
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Mr. Peter L. Simmonds |
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- Deputed as an Expatriate General Manager from Leslie & Godwin
initially
- Continued by Swire Group up to 1998.
- A member of a Chartered Insurance Institute of London
- Over 30 years of experiences in the insurance industry, more than
50% spent outside of the United Kingdom including Asia.
- At present, continued to be a Technical Advisor / Consultant based
in London since 1998.
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REINSURANCE PLACEMENT |
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- Reinsurance Placement in the Global Reinsurance Market with
first class security and virtually unlimited capacity on company's behalf
under Technical Services Agreement.
- From now onwards the Reinsurance Placement will be made by the company
itself.
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REINSURANCE TREATY |
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- GE Frankona, London
- Allianz AG, Reinsurance Branch Asia Pacific, Singapore, Allianz Group
of Germany.
- Tokio & Marine
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The ratings of Reinsurance by STANDARD & POOR
as "AAA" |
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FINANCIAL DATA |
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Shrawan 1st to Ashad 31st (year ended 15 July) |
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NRS IN MILLION
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2000 |
1999 |
1998 |
1997 |
1996 |
Gross premium |
111.60 |
70.78 |
54.31 |
50.43 |
27.36 |
Net Premium |
18.43 |
12.77 |
10.20 |
7.95 |
7.98 |
Profit before Tax |
10.44 |
6.39 |
1.37 |
1.71 |
0.98 |
Total Assets |
84.18 |
70.23 |
50.79 |
59.17 |
43.64 |
Technical Reserves |
20.48 |
12.80 |
8.73 |
7.24 |
5.11 |
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