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 …
Insurance
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 …
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 …
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 …
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 …
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 111.3 million rupees in the …
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 …
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 …