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.
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Fire
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Marine |
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Motor
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Miscellaneous
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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.
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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.
Pratapkumar de Silva |
| Mr. R. Theagarajah |
Mr. D. M. de Silva Wijeyeratne |
| Mr. M.U.De Silva |
Mr. S. C. Ratwatte |
| Mr. J.M.J. Perera |
|
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| Corporate Management |
|
| Managing Director |
General Manager-Marketing & Distribution |
Mr. Manjula de Silva
BA Hons (Colombo),
MBA (London), FCMA (UK) |
Mr. Lalith Fernando EDBA (Colombo), FAIQ - CII (UK) |
| General Manager-Life |
General Manager-General |
Ms. Indrani Weerasinghe
ACII (UK), BSc Hons (J'pura), PgDip Stat
(J'pura)
Chartered Insurer |
Mr Winston Niranjan Jayaprakash
Manickam
ACII (London) |
| Head of Corporate Business Development |
Head of IT |
Mr. Chandana L Aluthgama
BCom (SP), FCMI, MBA (Colombo) |
Mr. Namal Gunawardhane
BCom Hons (Delhi), BIT (India) |
| |
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| Head of Finance |
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Mr. Vipula Dharmapala
BSC (Bus. Admin) SP, ACA
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Consultant Actuaries |
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| 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), FIB (Hon)
Sri Lanka |
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
24 years experience in Banking including overseas
assignments. Director of HNB Stockbrokers (Pvt) Ltd,
HNB Securities Ltd, Sithma Development (Pvt) Ltd,
Acuity Partners (Private) Ltd, Lanka Financial Services
Bureau Ltd, Chairman - Sri Lanka Banks' Association
(Guarantee) Ltd, Vice Chairman - Asian Bankers Association.
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| |
| Director |
| M U DE SILVA FCIB
(London) |
Non-Executive Director.
Retired Senior Deputy General Manager (Administration
& 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
- 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 37 years experience in Banking. Director
- HNB Stockbrokers (Pvt) Ltd (Chairman with effect
from 3rd November 2008), HNB Securities Ltd (Chairman
with effect from 4th November 2008), Acuity Partners
(Private) Ltd and Lanka Ventures Ltd. |
| |
| 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 25 years commercial Banking
experience including 15 years as a member of the Corporate
Management. Director of Sithma Development (Pvt) Ltd,
HNB Stockbrokers (Pvt) Ltd (up to 3rd November 2008),
HNB Securities Ltd (up to 4th November 2008) and Lanka
Ventures Ltd. |
| |
| |
| Director |
| PRATAPKUMAR DE SILVA F.I.C.M.
(Sri Lanka), F.I.C.M. (England) |
| 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 |
| D. MANIK DE SILVA WIJEYERATNE
(ACA) (Sri Lanka) |
Non-Executive Director. Has over 30
years of varied post qualification experience in Accounting/Finance
and Human Resources having worked both in Sri Lanka
and overseas, holding senior positions in the private
sector and the NGO sector. Was the CFO of Comsip Al
A'ali WILL, a large Electrical and Instrumentation
Company based in Bahrain (a subsidiary of GEC Alsthom,
a large French Electrical & Engineering Company),
the Director Finance, Administration and Human Resources
- ILICN
Pakistan Country Office (one of the biggest NGOs in
the field of environment) and the CFO of the Pership
Group of Companies. |
| |
| Director |
| S C RATWATTE FCMA
(UK) |
| Non-Executive / Independent Director.
Mr. Sarath Carlyle Ratwatte is a fellow of the Charted
Institute of Management Accountants, U. K. and has
nearly 30 years work experience in the fields of financial
and treasury management, project evaluation and development,
investments, financing and risk management and joint
ventures. He has worked in several multinational organizations
and conglomerates in Sri Lanka and overseas including
the Aitken Spence Group of Companies, a leading blue
chip diversified corporate with significant interests
in hotels, travel, power generation, shipping, freight
forwarding, container operations, printing, insurance,
garment manufacturing and international money transfers
operating in Sri Lanka, South Asia, the Middle East
and South Africa. He had been Director/Group Treasurer
of Aitken Spence Corporate Finance (Pvt) Ltd, a Director
(non executive) of Ace Power Embilipitiya (Pvt) Ltd
and Director – Finance & Administration
of Aitken Spence (Garments) Ltd. |
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