KATHMANDU: Lumbini General Insurance Company Ltd (LGI) and Sagarmatha Insurance Company Ltd (SICL) have signed a merger agreement.

LGI Chairperson Manohar Das Mull and SICL Chairperson Ramakrishna Manandhar signed the agreement.

Following the successful merger in a share swap ratio of 100:80, both firms have agreed to operate under the name Sagarmatha Lumbini Insurance Company Ltd.

A version of this article appears in the print on February 1, 2023, of The Himalayan Times.