Asia Corp Insurance Brokers (Pvt.) Ltd., a premier insurance and reinsurance brokering company, recently formalized a pivotal reinsurance facilitator agreement with Sanasa Life Insurance Co. PLC during a ceremonious gathering held at the illustrious 80 Club Colombo. This momentous event was attended by key dignitaries from both organizations, underscoring the significance of this collaboration.

Among the notable attendees were Asia Corp’s Chairman, Mr. Sunil De Silva, and the Group Chairman of Ideal Group of Companies, Mr. Nalin Welgama, both of whom were instrumental in shaping this partnership. The event also saw the presence of the board of directors and a distinguished assembly of invitees from both Asia Corp Insurance Brokers and Sanasa Life Insurance Co. PLC.

Speaking at the event, Mr. Sunil De Silva and Mr. Nalin Welgama emphasized the critical role of reinsurance in the current landscape. They lauded Asia Corp’s technical team for their exceptional expertise, which enabled the formulation of an exceptional proportional reinsurance treaty arrangement. This achievement is particularly noteworthy as it occurs at a time when many reinsurers have been withdrawing from the country due to the ongoing crisis situation in Sri Lanka.

Mr. Ivan Nicholas, CEO of Sanasa Life Insurance Co. PLC, also shared his thoughts during the event. He expressed his gratitude to the Asia Corp team for their exceptional efforts in facilitating this agreement. Mr. Nicholas underscored the importance of the reinsurance treaty arrangement and expressed his confidence in its potential to propel their company towards tapping into the corporate business sector. He firmly believes that this partnership will elevate their company to greater heights in the near future.