Connect with us

Business

Ceylinco Insurance ranked Sri Lanka’s Most Respected Insurer

Published

on

Ceylinco Insurance was ranked as the nation’s most admired and respected insurer as announced by the LMD magazine in its 16th annual edition of the nation’s Most Respected and admired entities. Ceylinco Insurance PLC comprises of the two dominant insurers in the country, Ceylinco General Insurance Ltd and Ceylinco Life Insurance Ltd.

Both, Ceylinco General Insurance and Ceylinco Life Insurance maintain their supremacy as the market leaders in General and Life insurance respectively. Having climbed 14 positions from the previous year, Ceylinco Insurance remains in the 12th position among the Most Respected and admired entities in the country.

Ajith Gunawardena, Executive Chairman and Chief Executive Officer of Ceylinco Insurance PLC said, “An organization that practices innovation can elevate the entity to become a powerhouse of creativity, where pioneering ideas are born and given expression to become fully fledged products and services that enhance people’s lives. We are proud to be one such entity that has repeatedly set benchmarks and set trends for the rest of the industry to follow. Some of our innovative products have reached the grassroots level and their benefits have been reaped by people who would have never thought of getting insurance if it were not offered through convenient channels such as mobile operators and the postal service.”

Rajkumar Renganathan, chairman of Ceylinco Life said: “The LMD-Nielsen survey covers a well-informed sample of 800 senior executives of listed companies. It is therefore a credible barometer of public perception, which is essential to business success. Ceylinco Life’s view of its business as ‘A Relationship for Life’ with policyholders is practised in every aspect of its engagement with customers as well as other stakeholders, and is, we believe, the foundation for its 16 consecutive years of market leadership in the Life insurance sector.”

Commenting further on the achievement, Mr. Patrick Alwis, Managing Director/Chief Executive Officer said, “Ceylinco General Insurance is led by a strong customer-centric culture and this is a testimonial to this claim. Delivering protection and satisfaction to customers is the bedrock on which our company is founded. We will continue to deliver best-in-class insurance solutions to cater to every need of customers from all walks of life.”

Ceylinco Life Managing Director/CEO Mr Thushara Ranasinghe added: “Respect is based on trust, a truly precious attribute to any business, but more so for a company in the financial services sector. The trust that Ceylinco Life has earned from the masses over three decades is evident in the Company’s position as the vanguard of the industry, and our parent company’s latest movement up the LMD Most Respected Entities ranking is a reaffirmation that public trust in Ceylinco Insurance remains steadfast.”

Earlier this year, Ceylinco General Insurance and Ceylinco life Insurance were chosen as the ‘People’s Insurance Brand of The Year’ for general insurance and life insurance respectively at the 2020 SLIM Nielson People’s Awards, for an unprecedented 14th consecutive year. Similarly for the year 2018/19, Ceylinco Insurance PLC, reinforcing its dominance in the insurance industry, moved up to the 6th position amongst Sri Lanka’s top 30 companies.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

CSE turnover hits Rs. 3 billion for third consecutive day

Published

on

By Hiran H.Senewiratne 

CSE recorded the highest turnover for the week, touching the  Rs. 3.billion  mark yesterday for the third consecutive day. The banking sector  counters dominated in turnover generation almost after two weeks closely followed by manufacturing sector  counters, making a combined contribution of 48 percent, stock market analysts said.

Foreign investors continued to be net-sellers while recording low participation. But yesterday the market was driven and mainly pushed  by retail investors. Further, corporate and institutional investors were also more active than on other trading days, analysts explained. 

All Share Price Index was up by 63.38 points and S and P SL20 up by 32.25 points.  Turnover stood at Rs.  3.54 billion with five crossings. Those crossings were reported in JKH, which crossed 1.5 million shares to the tune of Rs. 205.5 million, its shares trading at Rs. 137, HNB 1.34 million shares crossed for Rs. 183 million, its shares fetching Rs. 130.50, Commercial Bank 1.76 million shares  crossed for Rs. 146.7 million, its shares trading at Rs. 83, Sampath Bank 200,000 shares crossed for Rs. 27.4 million at a per share value of Rs. 137 and Lanka IOC one million shares crossed for Rs. 21 million, its shares trading at Rs. 21.

In the retail market, top five companies that mainly contributed to the day’s turnover were, Expolanka Rs.  330.7 (34 million shares traded), Sampath Bank Rs. 211.1 million (1.53 million shares traded), Commercial Bank Rs. 196 million (2.4 million shares traded), Browns Investment Rs. 152.9 million (55.5 million shares traded) and Tokyo Cement (Non Voting) Rs. 143.9 million (3.1 million shares traded). During the day 182 million share volumes changed hands in 26472 transactions. 

Banking sector, LOLC and Browns Investments contributed heavily to both CSE indices, mainly the All Share Price Index. LOLC share prices moved up by Rs. 3 or 2.2 per cent. Its shares started trading at Rs. 135 and at the end of the day it moved up to Rs. 138 and Browns Investment  share prices moved up by 11.5 percent or 30 cents. Its shares started trading at Rs. 2.60 and at the end of the day it moved up to Rs. 2.90. Further, Sampath Bank and HNB share prices appreciated by four percent  each during the day. Commercial Bank share prices also appreciated during the day,  stock market sources said.      High net worth and institutional investor participation remained subdued for the day while mixed interest was observed in Hayleys Fabric, Tokyo Cement Company, voting and non-voting, and Melstacorp. Retail interest was noted in Expolanka Holdings, Access Engineering and People’s Leasing & Finance. 

 

 

Continue Reading

Business

SriLankan statement on New Delhi court case

Published

on

SriLankan Airlines wishes to state the following with regard to the Delhi court case against a former senior official of the airline and the subsequent media reports that are currently being circulated.

The case in the Metropolitan Magistrate- 05, Patiala House Court, New Delhi where an order has been delivered convicting a former Regional Manager of SriLankan Airlines, had been filed pursuant to a complaint made by a former Sales Executive on a personal matter against the said former Regional Manager of the airline. The airline was not a party to this legal action in which the order has been delivered.

The airline had received a complaint from that Sales Executive in 2011 alleging an incident took place in 2009 involving the said former Regional Manager and transferring her from the airline’s office in New Delhi to the office in Cochin.

Upon receiving the complaint, the airline had conducted an inquiry in terms of the Company’s special policy against harassment in 2011 and the Committee had determined that her transfer to Cochin had been based on commercial requirements. As the former Sales Executive had been dissatisfied with the outcome of the inquiry and she wanted another inquiry, the airline had conducted a further inquiry into her complaint in 2014 in line with the Sexual Harassment of Women at Workplace Prevention, Prohibition, and Redressal Act of 2013 in India, where the committee had been of the view that her complaint of “sexual harassment” could not be justified and her transfer to Cochin would stand.

As the former Sales Executive did not comply with the requirement of the Company to report to the office in Cochin, the airline was compelled to terminate her services on disciplinary grounds following the due procedure in terms of laws in India.

SriLankan Airlines is one of the first corporate entities in Sri Lanka who adopted a policy against harassment at workplace way back in 2007. SriLankan Airlines, as an entity that is committed to ensure safe working environment for all its employees, maintains a zero-tolerance policy against any kind of harassment.

Continue Reading

Business

Litro Gas felicitates senior staff with Long Service Awards

Published

on

Long Service Award Winners 2020 with the chairman and CEO of Litro Gas Lanka Ltd. & Litro Gas Terminal Lanka (Pvt) Ltd.

Litro Gas has developed a unique legacy that combines the efficiency and tradition of a private enterprise with its state owned status.

In keeping with the company’s commitment towards recognizing and rewarding its employees who have grown with the company, Litro Gas recently feted its senior most staff at the Long Service Awards ceremony 2020.

A total of 33 employees were recognized by the company for their loyal and dedicated service spanning up to 35 years of continuous service to the LPG industry.

W.H.Padmasiri (35 Years), D.C.P.Wijesinghe, D.K.Nanda, W.A.S.P.Perera, K.D.J.T.Gunasekara, A.Pathmarajah, H.B.Weerasena, L.N.G.Perera, A.L.A.Nandana, K.S.Chandrathilake (30 Years) , K.K.M.P.Jayawardena, S.W.J.Senaratne, W.H.G.Wildeniya, B.Mahinda, Mrs. H.K.Nilmini, M.S.Punchihewa, N.P.S.A.H.Kumara, K. Sarathchandra, K.A.A.Priyadarshana (25 Years), Mrs. H.M.Chamani Pathirage, Miss.Shymalie Enoshie P Karunaratne, Ranil Palinda Seneviratne, Mrs. W.M.Lakmali C. Hapuarachchi, Mrs. H.Sunethra Sahabandu, S. Hiran Senewirathne, P.H.Vidanagamage , W.D.L.Nalin Achala, H.P.Pradeep Kumara, H.K.Chandraratne, Priya Kelum Alwis, D.K.N.G.Kumara Fernando, K.P.Weerasekera (20 Years) , Mrs. W.B.Sudeshini Wijewardena (15 Years).

“Recognizing our team members who have made a tremendous contribution to empowering the Litro Gas journey is an honour for us”, says Anil Koswatte, chairman and CEO of Litro Gas Lanka Ltd. & Litro Gas Terminal Lanka (Pvt) Ltd. “The team’s commitment has helped us emerge as the market leader in the Sri Lankan LPG industry with a 75% market share. We will continue to recognize and reward our employees as a part of the culture we have inherited from the past and continue to nurture at Litro Gas – a small, efficient team of 234 members managing the entire operation.”

He adds that those who have served through the years are an asset to the Company. “Their expertise and experiences have evolved through the years and have been a tremendous contribution to our success whilst upholding the Company’s values and ethics and stringently complying with the Health, Safety and Environment policies and procedures”.

The long service awards are a valuable component of Litro’s overall employee recognition efforts and play a significant role in motivating and engaging staff. Rewarding loyalty and commitment by recognising those who have dedicated their careers to the Company is proof that the organisation values and respects people who are committed and add value to the Company.

Litro Gas is recognized as an industry leader in the Sri Lankan energy sector with a turnover of Rs 45 billion. The Company’s LPG storage facility located at Kerawalapitiya and Hambantota Terminals deliver domestic gas across Sri Lanka through an island-wide network of 37 distributors, approximately 1,500 home delivery hubs and 11,000 points-of-sale locations.

Continue Reading

Trending