Desk by Muna
After the merger of Himalayan General Insurance and Everest Insurance, the integrated business started.
After the merger, Himalayan Everest Insurance started an integrated business on Sunday .Surya Prasad Silwal, chairman of the insurance committee, launched the integrated business during a program organized in Kathmandu on Sunday.
With the start of integrated business, the first merger in the insurance sector has been successful.
The two companies had signed a memorandum of understanding for the merger last Baishakh, and the insurance committee had given the final approval for the merger to the two companies on Asar 9.
The Chief Executive Officer of the new company is Bijay Bahadur Shah, and the Deputy CEO is Kamal Gautam. It is said that the paid-up capital of the integrated company has reached about 2.43 billion rupees.
Source: Himalayan Tele-Voice
