Business
Sri Lanka Insurance hosted Insurance Brokers’ Appreciation Night
The Nations’ Insurer, Sri Lanka Insurance (SLIC) recently hosted a special event in appreciation of the remarkable contribution made by the Insurance Brokers to the Insurance industry of Sri Lanka. The event was held on Oct 18 at the Hilton, Colombo.
Insurance Broker companies plays a key role in uplifting the Insurance industry and contribute significantly to the economy of a country. They are essential intermediaries that add value to the insurance industry and the economy by providing expertise, market access, risk management, and personalised solutions to individuals and businesses.
Acknowledging the contribution, the Insurance Brokers has made to SLIC, the company annually holds an event for the Brokers. This year the event was special as Sri Lanka Insurance felicitated five Broker veterans from the insurance industry. Their dedication and commitment is praiseworthy and up to date they are still working as Insurance Brokers and contributed to the Insurance industry of the country.
Nihal Senarathna, Chairman of Senaratne Insurance Brokers has provided his services as an Insurance Broker for the past 70 years. A student of Royal College, Colombo, he is a Charter Member of the International Insurance Society based in Alabama, USA, Associateships from Charted Insurance Institute and Indian Insurance institute, a Chartered Insurance Broker and a fellow of Chartered Management Institute. Mr. Senarathna is also the only Sri Lankan to have been invited by the Association of British Insurance to address Britain’s Insurance Industry in 1986.
Hema Wijeratne, a product of Nalanda College, is the founder of Mercantile Insurance Brokers. He is a Fellow of Chartered Insurance Institute and a Chartered Insurance Broker. In 1967 he joined Sri Lanka Insurance Corporation and held various esteemed positions. He was a pioneer in the Insurance industry creating opportunity for insurance education. Mr. Wijeratne was instrumental in establishing Sri Lanka Insurance Institute. Furthermore, he also established the Sri Lanka Insurance Broker Association in 1980 to create a platform for the Broker community of Sri Lanka. Imparting his knowledge to the youth, Mr. Hema Wijeratne has also lectured at Sri Lanka Insurance Institute, Sri Lanka Institute of Bankers, and University of Sri Jayawardenapura. Mr. Wijerante has served the Insurance industry for over 60 years and continues his service to date.
Vernon Edirisinghe, a student from St. Joseph’s College, Colombo, is the Managing Director and Principle Officer at Equity Insurance Brokers. He is also the Co-founder of Equity Insurance Brokers. He holds a Bsc. in Economics from the University of London. Mr. Edirisinghe has served as the Managing Director of leading insurance companies and have been continuing to serve the insurance industry for the past 58 years.
Victor Colambage, a student of Christian College Kotte, is a pioneer in the Insurance industry with a service record of 50 plus years. He is a Chartered Insurer and has extensively contributed to the growth and evolution of the industry. Mr. Colombage has held many esteemed positions in the industry in insurance companies and Broker companies.
Ray Pompeus, has been in the Insurance industry for more than 58 years and continues to serve the industry up to date. He is currently working as a Consultant at LM & A Insurance Brokers. He has held many senior positions at numerous Insurance Broker companies in Sri Lanka. Mr. Pompeus is also a student from St. Joseph’s College, Colombo.
This special occasion was graced by Boards of Directors and senior officials of Insurance Broker Companies, President Counsel Mr. Ronald C Perera – Chairman (SLIC), Mr. Chandana L Aluthgama – Chief Executive Officer (SLIC), Chief Officers and other senior officials from Sri Lanka Insurance.
Sri Lanka Insurance understands the pivotal role the Brokers play in the industry and therefore they ensure to give them their due recognition and appreciate their hard work and commitment.
Business
Ceylinco Life agent among three global finalists for award
Ceylinco Life’s Ambalantota branch agent AIP Manjula has been named one of three global finalists for the prestigious Insurance Agent of the Year award at the 11th Asia Trusted Life Agents & Advisers Awards (ATLAA) 2026.
The recognition places a Sri Lankan insurance professional among the finalists in a regional field spanning South Asia, Southeast Asia, East Asia and the wider Asia-Pacific region.
Ceylinco Life said the achievement reflected the calibre and customer-focused approach of its agency force, while recognising Manjula’s professionalism and commitment to policyholders.
The award evaluates insurance agents on criteria extending beyond sales performance, including ethical conduct, client service, policy persistency, digital adoption, innovative practices and contributions to the insurance industry and community.
The awards are organised by Asia Advisers Network and Asia Insurance Review, with LIMRA as co-organiser. An independent judging and balloting process is monitored by KPMG as the official scrutineer. The judging panel comprises senior insurance executives, association presidents and industry experts from across the Asia-Pacific region.
Business
CEAT Kelani retains AA+ rating for sixth year
CEAT Kelani Holdings (CKH) has retained its National Long-Term Rating of ‘AA+(lka)’ with a Stable Outlook from Fitch Ratings for the sixth consecutive year, reflecting the company’s financial resilience and leading position in Sri Lanka’s pneumatic tyre market.
The ‘AA+(lka)’ rating, the second-highest on Fitch’s national scale, indicates a very strong capacity to meet financial commitments.
Fitch said CKH’s established market leadership and resilient financial profile remained key strengths, while noting its exposure to price-sensitive, cyclical and highly competitive markets.
The Stable Outlook reflects expectations that the company will maintain its market position despite rising input costs and increasing competition from imported tyres, while preserving adequate credit metrics during periods of weaker earnings and higher investment.
Fitch expects CKH’s established brand, extensive dealer network and adaptive pricing strategies to support its market position. Planned production facility upgrades are also expected to improve product quality, particularly in the radial tyre segment.
The rating agency expects near-term pressure on margins from higher raw material and energy costs but said the company’s low leverage and sound liquidity would provide a cushion.
CKH Chairman Chanaka De Silva said the rating reinforced the company’s focus on disciplined financial management, operational adaptability and long-term investment.
Business
Commercial Bank leads nationwide aquatic clean-up drive
Commercial Bank of Ceylon mobilised employees, customers, volunteers and community members for a nationwide coastal and aquatic clean-up campaign across 20 locations on September 19 to mark International Coastal Cleanup Day 2026.
Conducted under the bank’s sustainability platform, themed ‘Forward Together for a Cleaner Future’, the initiative covered 16 coastal locations and four inland waterways, bringing together stakeholders for a coordinated environmental conservation effort.
The flagship programme was held at Mount Lavinia Beach, with additional activities at Wellawatte and Galle Face beaches. Similar initiatives were conducted by the bank’s regional offices at locations including Kalutara, Negombo, Trincomalee, Batticaloa, Puttalam, Jaffna, Galle, Dondra, Tangalle and along the Mahaweli River.
Employees, management, Future Force volunteers, customers and their families participated alongside the Marine Environment Protection Authority (MEPA), United Nations Global Compact Network Sri Lanka, government and local authorities, environmental organisations and community members.
The bank said the initiative reflected its commitment to water stewardship after adopting Sustainable Development Goal 6 — Clean Water and Sanitation — as a priority goal in 2025.
-
News6 days agoHatton youth protest against reported death sentence for Lankan in Saudi Arabia
-
News4 days agoMastermind Naufer Moulavi among 15 found guilty
-
News5 days agoProtest against setting up of cement factory in highly populated area near BIA
-
News6 days agoMahaweli rises as heavy rain triggers flood, landslide fears
-
Latest News7 days agoLandslide Red Alerts issued to the districts of Kandy, Kegalle and Nuwara Eliya
-
Midweek Review4 days agoThileepan’s fast unto death: An authentic narrative that many missed
-
Editorial4 days agoBig Bad Bills
-
Editorial5 days agoTrouble beginning in earnest
