November 20, 2017 8:41 PM ET

Insurance

Company Overview of Sri Lanka Insurance Corporation Ltd.

Company Overview

Sri Lanka Insurance Corporation Ltd. provides insurance services. It offers personal insurance, including life insurance, home insurance, personal accident insurance, motor insurance, professional insurance, and travel insurance; business insurance, including property insurance, marine insurance, motor insurance, travel insurance, employee related insurance, and life insurance; and online access services. Sri Lanka Insurance Corporation Ltd. was formerly known as Insurance Corporation of Sri Lanka and changed its name to Sri Lanka Insurance Corporation Ltd. in February 1993. The company was founded in 1962 and is headquartered in Colombo, Sri Lanka with branches in Sri Lanka.

Rakshana Mandiraya

No.21 Vauxhall Street

Colombo 2

Colombo,  00200

Sri Lanka

Founded in 1962

Phone:

94 11 235 7000

Fax:

94 11 244 7742

Key Executives for Sri Lanka Insurance Corporation Ltd.

Joint Managing Director and Director
Joint Managing Director
Chief Financial Officer and Senior Deputy General Manager of Finance
Chief Operating Officer of Life Insurance
Compensation as of Fiscal Year 2017.

Sri Lanka Insurance Corporation Ltd. Key Developments

Government To Sell Stake In Sri Lanka Insurance, People's Bank and Bank of Ceylon

Sri Lanka government is looking to sell stake in Sri Lanka Insurance Corporation Ltd., People's Bank and Bank of Ceylon. A government official told Reuters "The idea is to list at least 10 percent of the stakes in each institution by the first half of next year,”. Regulatory and exchange officials confirmed the government was considering making the sales, both to raise money to meet debt obligations and also to improve market liquidity.

Sri Lanka Insurance Corporation Ltd. Appoints Keith Bernard as Joint Managing Director

Keith Bernard is appointed as the Joint Managing Director of Sri Lanka Insurance Corporation, alongside TM R Bangsa Jayah who is re-appointed as the Joint Managing Director of the corporation. Hemeka Amarasuriya remains in the top position as the Chairman while the rest of the board comprise of Professor Lal Gotabhaya Chandrasena, Priyanga Algama, Sanjaya Padmaperuma and Pradeep Liyanamana.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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