AIA receives shareholder approval for proposal to delist from CSE
Apr 03, 2019 (LBO) – Publicly listed company AIA Insurance Lanka announced that it will delist the Company’s shares from the official list of the Colombo …
Insurance
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Fitch revises outlook on HNB Assurance, HNB General Insurance to positive
Feb 28, 2019 (LBO) – Fitch Ratings has revised the Outlook on the National Insurer Financial Strength (IFS) Ratings of life insurer HNB Assurance and its …
LOLC Group crosses Rupees Trillion mark with total assets reaching Rs1Tn
Sustaining its unblemished track record in performance, the LOLC Group crossed the Rupees Trillion mark, with total assets reaching Rs 1.008Tn, as at December …
Sri Lanka’s Ceylinco Life posts income of Rs.29.2Bn; PBT of Rs7.2 Bn in 2018
Feb 26, 2019 (LBO) - Ceylinco Life has reported total income of 29.21 billion rupees for the year ending 31st December 2018 and recorded premium income of 17.8 …
Leapfrog announce investment of USD 12Mn in Sri Lanka’s Softlogic Life
Dec 19, 2018 (LBO) - LeapFrog Investments, a leading profit with purpose investor, today announced a USD 12 million dollar investment in Softlogic Life …
Softlogic Life completes victorious 2018 by becoming Sri Lanka’s most awarded life insurer
(PRESS RELEASE) - Ending the year on a winning spirit, Sri Lanka’s number one health insurer, Softlogic Life, has become the country’s most awarded life …
Fitch cuts Sri Lanka Insurance Corporation to IFS ‘B’ on sovereign downgrade
Fitch Ratings has downgraded the Insurer Financial Strength (IFS) rating of Sri Lanka Insurance Corporation (SLIC) to 'B' from 'B+'. The Outlook is Stable. The …
Fitch withdraws Sri Lankan Insurers’ National Long-Term Ratings
Nov 30, 2018 (LBO) – Fitch Ratings has affirmed and simultaneously withdrawn the National Long-Term Ratings of all rated Sri Lankan insurers as the ratings …
Sri Lanka Insurance gets new Chief and board
Nov 30, 2018 (LBO) - A new Chairman and board of Directors has been appointed to the Sri Lanka Insurance corporation with effect form 29 November 2018. …
Ceylinco Life appoints eminent banker Jegan Durairatnam to its Board
Ceylinco Life Insurance Limited (Ceylinco Life) has announced the appointment of career banker Jegan Durairatnam to its Board as an Independent Non-Executive …
Janashakthi Insurance appoints Prakash Schaffter as its Executive Chairman
Janashakthi Insurance PLC announced the appointment of renowned business leader Prakash Schaffter as its Executive Chairman. Mr. Schaffter, who has three …
Ceylinco Life’s 9-month net profit up 62-pct to Rs3.28Bn
Nov. 15, 2018 (LBO) - Sri Lanka's Ceylinco Life has reported profit before tax of 3.734 billion rupees for the period nine months ending 30th September 2018. …
Allianz tops Dow Jones Sustainability Index 2018
Sector leader in prestigious sustainability rating with 85 out of 100 points, second time in a row Best in sector in climate strategy, human capital …
AIA Insurance partners with Sampath Bank to facilitate premium payments
AIA Insurance Lanka has entered into a strategic partnership with Sampath Bank on insurance premium payments to enhance customer convenience. Appointing …
Amalgamation of Janashakthi General with Allianz Insurance completed
Oct 15, 2018 (LBO) - Allianz Insurance Lanka Limited (Allianz Lanka) said, the acquisition of Janashakthi General Insurance in February 2018, has now been …
Janashakthi PLC acquires 31-pct stake in Dunamis Capital
Sept 13, 2018 (LBO) – Janashakthi PLC acquired 31.14 percent in Dunamis Capital PLC, Dunamis Capital said in a stock exchange filing. Accordingly, a total of …
Asoka Sirisena re-elected President of Sri Lanka Insurance Institute
Sept 06, 2018 (LBO) - Asoka Sirisena,senior deputy general manager, technical of Ceylinco Life Insurance Limited was re-elected as the President for 2018/2019 …
Financial Intelligence Unit enters into MoU with Insurance Regulatory Commission
Aug 28, 2018 (LBO) - In terms of the provisions of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA), the Financial Intelligence Unit (FIU) of Sri …
Janashakthi Insurance PLC reports 6-pct growth (YoY) in June quarter
Aug 14, 2018 (LBO) - Life Insurer Janashakthi Insurance PLC (Janashakthi) reported a 6 percent year on year (YoY) growth in Gross Written Premium (GWP)for the …
UAL only Sri Lankan company in Forbes Asia’s 200 ‘Best under a Billion’ 2018 list
Jul 30, 2018 (LBO) - Sri Lanka's Union Assurance PLC, a life insurance provider has made it to Forbes Asia’s 2018 list of 'Best under a Billion ' list of …