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Union Assurance Dominates the Show at National Life Insurance Awards 2021

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Union Assurance, Sri Lanka’s trailblazing Life Insurer, clinched multiple prestigious awards at the National Life Insurance Awards 2021, held at the Hilton Colombo recently. The Insurance Association of Sri Lanka (IASL)’s Marketing and Sales Forum hosted the award ceremony as part of the 13th National Forum for Life Insurance Advisors (NAFLIA) Conference 2022.

The Company congratulates the winners for their achievements in this industry’s preeminent competition, which aims to honour the Life Insurance sales professional’s outstanding performance. Union Assurance’s successes included winning four highly coveted Gold Awards in the National and the Large Company categories.

Tharmalingam Kubenthiran, leading the Jaffna and Nelliady branches was awarded two exclusive Gold Awards for Best Branch Manager in the National and the Large Company categories. Kasun Chandrasiri, leading the Western Province-North Region from the Nations Trust Bank Channel also triumphed with two Gold Awards for Best Supervisor / Team or Unit Leader in the National and the Large Company categories.

Govindasamy Mathiruban, leading the Vavuniya and Mullaitivu branches won two Silver Awards for Best Branch Manager in the National and the Large Company categories. Ishara Fernando, from the Chilaw Branch also took home two Silver Awards for Best Supervisor / Team or Unit Leader in the National and Large Company categories.

Chanaka Appuhamy, from the Chilaw Branch, secured the Bronze Award for Best Advisor in the Large Company category. Chief Executive Officer of Union Assurance, Jude Gomes, stated, “We have an exceptional team, driven by the passion to extend financial protection to all customers across the country. I am incredibly proud of their achievements, hard work, and commitment to upholding the highest standards of sales professionalism in the industry. This was no easy feat, and I wish them continued success in their careers.”

Union Assurance is a part of the John Keells Group, one of Sri Lanka’s largest listed conglomerates. The Company completes over three decades of success with a Market Capitalisation of Rs. 16.6 Bn, and a Life Fund of Rs. 54.7 Bn as of September 2022. Set to empower the Sri Lankan Dream, Union Assurance offers Life Insurance solutions that cover education, health, investment, protection, and retirement needs of Sri Lankans. With an island wide branch network and an over 3,000-strong workforce, Union Assurance continues to invest in people, products, and processes with a customer-centric focus to be responsive to emerging changes in the Life Insurance industry.



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Ceylinco Life agent among three global finalists for award

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Ceylinco Life’s Ambalantota branch agent AIP Manjula

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.

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CEAT Kelani retains AA+ rating for sixth year

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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.

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Commercial Bank leads nationwide aquatic clean-up drive

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Sanath Manatunge, Managing Director/CEO of Commercial Bank and some of the Bank’s staff participating in the coastal cleanup programme

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.

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