Sagarmatha Lumbini Insurance begins joint transaction after successful merger; forms 6-member board with Mr. Manohar Das Mool as new chairman

Sagarmatha Lumbini Insurance, after a successful merger between then Sagarmatha Insurance and  Lumbini General Insurance, has kickstarted the joint transaction from Falgun 29, 2079. The first board meeting of the company has nominated six new board members, 3 each from both erstwhile institutions include Mr. Ajith R. Gunawardena, Mr. Siddharth Mani Rajbhandari, Mr. Gajendra Lal Shrestha from then Sagarmatha Insurance and Mr. Manohar Das Mool, Mr. Arun Raj Shrestha and Mr. Kamal Bhattarai from then Lumbini General Insurance.

The board meeting has also elected Mr. Manohar Das Mool as the new chairman of the company who has received his oath of designation and privacy from Nepal Insurance Authority chair Mr. Surya Prasad Silwal amid a program, as per the media statement.