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.





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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.

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-LBO Newsdesk: LBOEmail@vanguardlanka.com