Kathmandu, Apr. 14
Sagarmatha Insurance
Company Ltd. and Lumbini General Insurance Company Ltd. have started joint
operation from Monday.
The two companies have
merged into one to create a company named 'Sagarmatha Lumbini Insurance Company
Limited'. On the occasion of the launching of integrated operations, a special
pooja and programme was organised at the head office of the company.
Meanwhile, the first
meeting of the board of directors of the new company has formed a fresh board
of directors including three directors each from the erstwhile two companies.
From the representatives of the former Sagarmatha Insurance, Ajith R.
Gunawardane, Siddartha Mani Rajbhandari and Gajendra Lal Shrestha are chosen as
the directors. Likewise, from the representatives of the former Lumbini General
Insurance, Manohar Das Mul, Arun Raj Shrestha and Kamal Bhattarai are included on
the board.
Likewise, Manohar Das Mul
has been elected as the chairman of the new company. He took the oath of office
from the Chairman of the Nepal Insurance Authority, Surya Prasad Silwal on
Monday.
Published in The Rising Nepal daily on 15 March 2023.
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