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OUR ORGANIZATION

HNB Assurance PLC is a public limited liability company incorporated in Sri Lanka on 23rd August 2001 under the Companies Act, No 17 of 1982. The Company which was known as HNB Assurance Ltd., changed its name to HNB Assurance PLC during the year 2007 as required by the Companies Act, No 7 of 2007. The Stated Capital of the Company is Rupees three hundred and seventy five million consisting of thirty seven million five hundred thousand ordinary shares. HNB Assurance is a subsidiary of Hatton National Bank, and 59.99% of the share capital of the Company is held by the Bank, a leading commercial bank in the private sector. The Company is registered under the Regulation of Insurance Industry Act No. 43 of 2000 and it has obtained license from the Insurance Board of Sri Lanka to undertake both Life and General Insurance business.

VISION
To be Sri Lanka’s most admired and trusted partner in meeting insurance needs professionally with a spirit of caring.

MISSION
Working together with a passion for excellence and a team spirit none can match, to provide innovative, customized solutions exploring opportunities beyond conventional boundaries.

The Company commenced business on 22nd   November 2001 heralding the dawn of new era in insurance. Under the General Insurance, the Company provides the following classes of insurance business.

Fire
Marine
Motor
Miscellaneous
The Company commenced Life Insurance business on 1st January 2002. Further particulars of the products and services offered by the Company are indicated in the product profile pages.

HATTON NATIONAL BANK - THE POWER BEHIND HNB ASSURANCE

Hatton National Bank PLC (HNB or the Bank) is a public limited company, which was incorporated on 5th March 1970 under the Companies Ordiance (Cap. 145, Revised Legislative Enactment 1956) in Colombo, Sri Lanka, and has been issued a license under the provisions of the Banking Act No. 30 of 1988.

Hatton National  Bank was established in 1888 as the "Hatton Bank" to cater to the flourishing tea industry. Subsequently the Bank amalgamated with Kandy and Nuwara Eliya Branches of National & Grindlays Bank and was renamed Hatton National Bank in 1970. During the past three decades through internal growth and the acquisition of the Colombo Branches of the Mercantile Bank, Emirates Bank, Banque Indosuez, and Habib Bank AG Zurich, HNB was able to become one of the most profitable private sector commercial banks in Sri Lanka.

HNB is also the largest private sector commercial bank in Sri Lanka in terms of advances, deposits, total assets and branches. Currently, the Bank has a network of 138 Customer Centres, within Sri Lanka and 02 representative offices in India and Pakistan. HNB commands a significant market share in most core areas of operations, and is only exceeded by the two larger state banks. The Bank also has the second largest foreign currency deposit base amongst all the domestic banks.                                                   

HNB Provides a broad range of financial services including Corporate and Retail Banking, Trade Finance, International Banking, Corporate Finance, Leasing, and Project and Development Financing. Other ancillary financial services provided by the Bank include Insurance, Investment Banking, Stock Broking, Pawning, Sale of Gold and Margin Trading facility in shares.

CORPORATE INFORMATION

Name of Company - HNB Assurance PLC
Legal Form
A quoted public company incorporated on 23rd August 2001 under the provisions of the Companies Act No. 17 of 1982 with limited liability and domiciled in Sri Lanka.
Company Registration Number - PQ 108
Stock Exchange Listing
The Ordinary Shares of the Company are listed on the Main Board of the Colombo Stock Exchange, Sri Lanka. Stock Exchange code for HNB Assurance shares is "HASU".
Registered Office
No: 479, T.B. Jayah Mawatha (Darley Road), Colombo 10, Sri Lanka.
Head Office
No: 10, Sri Uttarananda Mawatha (Formerly R.A.De Mel Mawatha), Colombo 3, Sri Lanka.
Telephone: +94-11-2421885
Facsimile: +94-11-4724512
E-mail: info@hnbassurance.com


Directorate
Mr. Rienzie T. Wijetilleke (Chairman) Mr. J.D.N. Kekulawala
Mr. Manjula de Silva (Managing Director) Mr. R. Theagarajah
Mr. M.U.De Silva Mr. Pratapkumar de Silva
Mr. J.M.J. Perera Mr. Manik de Silva Wijeyeratne
Corporate Management  
Managing Director General Manager-Finane & Corporate Services
Mr. Manjula de Silva
BA Hons (Colombo), MBA (London), FCMA (UK)
Mr. D.A.De Vas Gunasekara
ACA (Sri Lanka), FSCMA (Sri Lanka)
General Manager-Marketing & Distribution General Manager-General
Mr. W.L.A.Fernando EDBA (Colombo), FAIQ - CII (UK) Gerry Gunadasa
ACII ,Chartered Insurer
General Manager-Life
Ms. Indrani Weerasinghe
ACII (UK), BSc Hons (J'pura), PgDip Stat (J'pura)
Chartered Insurer
 
                                                                                 Consultant Actuaries  

Life Insurance

General Insurance

Actuarial and Management Consultants (Pvt.) Ltd., 1st Floor, 434, R A de Mel Mawatha, Colombo 03.

K A Pandit, Consultants & Actuaries, 2nd floor, Churchgate House,  Veer Nariman Road, Fort, Mumbai – 400 001, India.

   
Auditors Board Secretary
KPMG Ford, Rhodes, Thornton & Co.,
Chartered Accountants
32 A, Sir Mohamed Macan Markar Mawatha,
Colombo 3.
Ms. Indrani Goonesekera
Attorney-at-Law & Notary Public
Lawyers Bankers
Legal Department
Hatton National Bank PLC.
479, T.B. Jayah Mawatha,
Colombo 10.
Hatton National Bank PLC
Commercial Bank of Ceylon PLC
 
BOARD OF DIRECTORS
Chairman    
RIENZIE  T. WIJETILLEKE   FCIB (London), FIB (Sri Lanka)
Non-Executive Director. Chairman since March 2004. Chairman of Hatton National Bank PLC, HNB Stock Brokers (Pvt.) Ltd., HNB Securities Ltd., Sithma Development (Pvt.) Ltd. and Sunshine Holdings Ltd. Director of Nawaloka Hospitals PLC and Ceylon Biscuits Ltd. Former Chairman and Director of Colombo Stock Exchange.
 
Managing Director
MANJULA DE SILVA BA Hons (Colombo), MBA (London), FCMA (UK)
Executive Director. Managing Director since March 2006. Chief Executive Officer from July 2004. Vice President of the Insurance Association of Sri Lanka. Member of several subcommittees of the Ceylon Chamber of Commerce. Former Director General - Public Enterprises Reform Commission of Sri Lanka. Also served at Eagle Insurance PLC for a period of 14 years in many capacities, including General Manager - Corporate Lines and Human Resources and General Manager – Eagle NDB Fund Management Company Ltd.
 
Director
R THEAGARAJAH FCMA (UK), FCA (Sri Lanka), MBA (Cranfield)
Non-Executive Director. Managing Director / Chief Executive Officer of Hatton National Bank PLC. Member of the Corporate Management of Hatton National Bank PLC since 1997. Counts over 23 years experience in Banking including overseas assignments. Director of HNB Stock Brokers (Pvt.) Ltd., HNB Securities Ltd., Sithma Development (Pvt.) Ltd. and Lanka Financial Services Bureau Ltd. Board Member – Asian Bankers Association.
 
Director
J D N KEKULAWALA FCIB (London), FCA (England & Wales), MBA (Manchester)
Non-Executive Director. Chief Financial Officer of Hatton National Bank PLC. Counts over 24 years commercial banking experience including 14 years as a member of the Corporate Management. Director of HNB Stock Brokers (Pvt.) Ltd., HNB Securities Ltd., Sithma Development (Pvt.) Ltd. and Lanka Ventures Ltd.
 
Director
M U DE SILVA FCIB (London)
Non-Executive Director. Retired Senior Deputy General Manager (Administration and Marketing), Hatton National Bank PLC. Counts over 43 years experience in Banking including 15 years at the Corporate Management level. Past President of Association of Professional Bankers. Past President of Chartered Institute of Bankers – Colombo Centre. Presently holds the position of Secretary General – Sri Lanka Banks’ Association (Guarantee) Ltd., Director of Lanka Financial Services Bureau Ltd.
 
Director
J M J PERERA FCIB (London)
Non-Executive Director. Senior Deputy General Manager (Business Development & International) of Hatton National Bank PLC. Counts over 36 years experience in Banking. Director of HNB Stock Brokers (Pvt.) Ltd., HNB Securities Ltd., Lanka Ventures Ltd. and Credit Information Bureau of Sri Lanka.
 
Director
PRATAPKUMAR DE SILVA F.I.C.M. (SL), F.I.C.M. (Eng.)
Non-Executive Director. Mr. Pratapkumar de Silva is the Senior Chairman of Alliance Group of Companies and counts over 52 years experience in the Finance Sector. He is a Director representing Finance Companies on the Board of the Credit Information Bureau of Sri Lanka. He is a Director of several other Companies and Institutions, the President – Sri Lanka Institute of Credit Management, Advisory Councillor – Committee of The Finance House Association of Sri Lanka. He is also the Honorary Consul of the Republic of Peru in Sri Lanka.

Director
MANIK DE SILVA WIJEYERATNE
A Chartered Accountant who has previously served as the CFO of the Pership Group of Companies and as the Managing Director of Nexus (Pvt) Ltd. He has also worked abroad in numerous capacities including a 3 year spell as Director - Finance, Administration and Human Resources at IUCNP in Pakistan.
 
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