Risk Return

In its strategy to concentrate its resources to grow its core competencies, the John Keells Group is outsourcing its entire insurance portfolio to Delmege Insurance Brokers.
The Delmege-AON partnership that won the contract, will be called on to provide, in addition to regular insurance, specialized services including risk management, loss control and business consultancy.rn

rnThe Keells business accounts for some 15% of Delmeges business (top line), senior Delmege officials told LBO.rn

rnDelmege will tap its international insurance partner AON – the worlds number 2 insurance broker for global best practices and technological know how to handle all 77 Keells companies here and overseas.rn

rnInsurance brokering in Sri Lanka accounts for almost 30% of the Rs. 61 billion insurance industry (the total asset base of the industry for 2003) with revenues reaching Rs 24 bn for the entire last year.rn

-LBO Newsdesk: LBOEmail@vanguardlanka.com