KATHMANDU , FEB 13 Himalayan General Insurance Co. Ltd. (HGI), one of Nepal’s older non-life insurance companies, recently announced that Mr. Vijay Bahadur Shah has been appointed as the new Chief Executive Officer. Mr. Shah will assume his role starting 01 Fagun 2078.
“I am honored and excited to have been appointed as the CEO at HGI. It is truly a privilege to be part of the credibility and history that HGI stands for” said Shah. “HGI has a clear vision and purpose for the future and I will do my very best to lead the company and instill passion in the HGI team as we embark on this journey”.
Mr. Shah succeeds Mr. Sushil Bajracharya, who started his career in insurance at HGI and served a committed 28 years in the company, with the last 6.5 years as CEO. In his tenure, HGI has strengthened its position as a professional and transparent company and laid the foundations for a future-ready HGI in the new era.
Prior to joining HGI, Shah was CEO at Nepal Insurance Co. Ltd. for 4 years and was instrumental in the positive transformation of the company.
“Vijay brings a varied and broad perspective to the insurance business,” said Mr. Mahendra K. Shrestha, Chairman. “I look forward to working with Vijay as we continue to make significant efforts and investments to add value to our clients, pursue the government’s objective to increase insurance penetration in Nepal, and on the whole, to raise the bar for the entire industry”.
