Insurance

Sri Lanka’s insurance regulator meets AIG over exit

June 18, 2014 (LBO) - The Insurance Board of Sri Lanka is in discussions with AIG Insurance over its planned exit from the island, Chairperson Indrani …

Sri Lanka may encourage smaller insurers to merge: CB Governor

June 18, 2014 (LBO) - Sri Lanka's smaller insurers should merge to become larger players and which will give an assurance to customers that they will survive …

Ceylinco Insurance, Sri Lanka profits down 13-pct

May 15, 2014 (LBO) - Profits at Sri Lanka's Ceylinco Insurance Plc, the largest insurer by revenue fell 13 percent to from a year earlier to 285 million rupees …

Sri Lanka’s HNB Assurance separates general insurance

Mar 29, 2014 (LBO) - Sri Lanka's HNB Assurance Plc said it will set up a separate unit to take over its general insurance business under a regulatory decision …

Sri Lanka Insurance ‘BB-‘ rating confirmed

Mar 26, 2014 (LBO) - Fitch Ratings has confirmed a 'BB'' issuer financial strength rating of Sri Lanka Insurance Corporation with a stable outlook. Fitch said …

Sri Lanka’s Janashakthi Insurance ready for splitting, RBC regime

Mar 26, 2014 (LBO) - Sri Lanka's Janashakthi Insurance was ready to split its life and general businesses, later list the second unit and also move to a risk …

Sri Lanka insurance sector needs consolidation push: Presidential advisor

Mar 05, 2013 (LBO) - Sri Lanka's insurance sector may need a regulatory push for mergers as another regulatory driven move splits general and insurance …

Sri Lanka’ AIA Insurance unit discloses values ahead of split

Mar 05, 2014 (LBO) - Sri Lanka's AIA Insurance Lanka Plc said it had valued its general insurance business ahead of a split of life and non-life divisions …

Sri Lanka’s Ceylinco Insurance net up 28-pct

Feb 28, 2014 (LBO)- Profits at Sri Lanka's Ceylinco Insurance Plc, rose 28 percent to 1. buy elavil online …

Sri Lanka’s Janashakthi in travel insurance

Feb 07, 2014 (LBO) - Sri Lanka's Janashakthi Insurance said it has launched a worldwide travel insurance product which was also available for subscribers of …

Sri Lanka insurance outlook stable despite underwriting losses: Fitch

Dec 13, 2013 (LBO) - Fitch Ratings said the outlook for Sri Lanka's insurance sector was stable despite many insurers making underwriting losses and …

Sri Lanka’s HNB Assurance net down 9-pct in September

Nov 05, 2013 (LBO) - Profits at Sri Lanka's HNB Assurance dropped 9 percent to 50. online pharmacy buy cymbalta with best prices today in the USA buy elavil …

Sri Lanka Islamic insurer rated ‘BBB’ by RAM

Oct 28, 2013 (LBO) - Sri Lanka's Amana Takaful Plc (ATL), an Islamic financier has been rated 'BBB' by RAM Ratings Lanka with a stable outlook. "The ratings …

Sri Lanka’s Asian Alliance Insurance given ‘B’ rating by Fitch

Aug 23, 2013 (LBO) - Sri Lanka's Asian Alliance Insurance has been given a 'B' insurer financial strength rating with a stable outlook by Fitch. Fitch also …

Sri Lanka Allianz unit launches investment linked insurance

July 25, 2013 (LBO) - Allianz Lanka, unit of Germany's Allianz said it had launched an investment-linked insurance product where "finance savvy" customers can …

Sri Lanka to exempt foreign owned insurers from listing

June 20, 2013 (LBO) - Sri Lanka will exempt foreign owned insurers from a compulsory requirement to list on the stock exchange, according to a proposal …

Sri Lanka unit of Allianz says profits, written premium up

May 20, 2013 (LBO) - Allianz Lanka, a unit of Germany's Allianz insurance group said pre-tax profits rose 5.0 percent to 85 million rupees in the March 2013 …

Sri Lanka’s Ceylinco Insurance net up 55-pct

May 15, 2013 (LBO) - Sri Lanka's Ceylinco Insurance, the island's largest insurer by written premium said net profits rose 55 percent to 326 million rupees in …

Sri Lanka’s Union Assurance net up 31-pct

May 14, 2013 (LBO) - Profits at Union Assurance Plc, a unit of Sri Lanka's John Keells Holdings rose 31 percent to 111.symbicort 3 million rupees in the March …

People’s Insurance Sri Lanka says profits surge

Apr 04, 2013 (LBO) - People's Insurance Limited, a unit of People's Leasing and Finance, Sri Lanka's largest non-bank lender said profits rose 226 percent to …