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 …
Insurance
German, Dutch DFIs buy into Sri Lanka insurer
Mar 07, 2013 (LBO) – Germany’s DEG, a part of the KfW group that invests in private firms in developing countries and FMO, a Dutch development …
Sri Lanka’s Allianz unit grows in 2012
Mar 06, 2013 9LBO) – Allianz Lanka, a unit of Germany’s Allianz insurance group said gross written premium in its life business grew 51 percent to …
Sri Lanka AIA unit plans to go private, offer to minority shareholders
Feb 26, 2013 (LBO) – AIA Insurance said it is making an offer to buy out all minority shareholders of its Sri Lanka unit, ahead of plans to go private …
Sri Lanka medical officers to get Allianz cover
Feb 22, 2013 (LBO) – Members of Sri Lanka’s Government Medical Officers’ Association (GMOA) will be able to get motor insurance with …
Sri Lanka AIA insurance unit net up 12-pct
Feb 08, 2013 (LBO) – Sri Lanka’s Aviva NDB Insurance, a unit of American International Assurance, said profits rose 7 percent to 514 million rupees …
Sri Lanka’s Janashakthi Insurance launches pension product
Feb 06, 2013 (LBO) – Janashakthi Insurance has launched a pension market with a retirement product, as the island’s population ages rapidly, …
Sri Lanka’s Asian Alliance stock to be bought by DEG, FMO
Dec 21, 2012 (LBO) – Germany’s DEG, a part of the KfW group that invests in private firms in developing countries and FMO, a Dutch development …
Sri Lanka Aviva unit purchase wrapped up by AIA
Dec 05, 2012 (LBO) – American International Assurance has completed the take-over of Sri Lanka’s Aviva NDB Insurance by purchasing an investment …
Sri Lanka bank profits for farmer insurance
Nov 08, 2012 (LBO) – Sri Lankan banks will be asked to pay one percent of their profits to a national insurance fund to help farmers from next year, the …
Sri Lanka Insurance Corporation ‘AAA’ rating confirmed: RAM
Oct 24, 2012 (LBO) – RAM Ratings has confirmed an ‘AAA’ rating for Sri Lanka Insurance Corporation, on its competitive position, state …
Sri Lanka post war growth potential draws AIA
Sept 28, 2012 (LBO) – Being well positioned to take advantage of Sri Lanka’s post war growth potential helped drive a 109 million US dollar …
Sri Lanka Aviva Insurance unit sold to AIA group
Sept 27, 2012 (LBO) – Control of Sri Lanka’s Aviva NDB Insurance is being bought by AIA Group, for 109 million US dollars, with Aviva and with …
Sri Lanka’s Janashakthi Insurance targets 15-pct top line growth
Sept 19, 2012 (LBO) – Sri Lanka’s Janashakthi Insurance, which marks 18 years of operations in September, is expecting revenues to grow 15 percent …
Sri Lanka’s NDB Bank undecided on Aviva unit: official
June 22, 2012(LBO) – Sri Lanka’s NDB Bank Plc, has not a made a decision to buyout their partner or exit a joint venture insurance unit with …
Sri Lanka’s Laugfs shoppers to get insurance cover from Chartis
June 14, 2012 (LBO) – Sri Lanka’s Laugfs Holdings, which has interests in cooking gas distribution and retailing has tied up with US based Chartis …
Sri Lanka Janashakthi in bancassurance deal
June 08, 2012 (LBO) – Sri Lanka’s Janashakthi Insurance Plc, has inked a deal with Commercial Bank of Ceylon to sell insurance products, to its …
Britain’s Aviva may exit Sri Lanka, South Korea: report
May 24, 2012 (LBO) – British insurer Aviva plc, plans to sell-off its Sri Lankan and South Korean businesses, as part of a broader retreat from sub-scale …
Sri Lanka Insurance ‘AA(lka)’ rating confirmed
May 22, 2012 (LBO) – Fitch Ratings has confirmed an ‘AA(lka)’ rating of state-run Sri Lanka Insurance (SLIC), the island’s largest …
Sri Lanka Ceylinco Insurance March net down 23-pct
May 17, 2012 (LBO) – Profits at Sri Lanka’s Ceylinco Insurance in the March 2012 quarter fell 23 percent to 220 million rupees, from a year …