Prasantha Fernando Appointed as Chief Executive Officer of HNB Assurance PLC and HNB General Insurance Limited

  July 07,2020

HNB Assurance PLC Group announces the appointment of Mr. Prasantha Fernando as the Chief Executive Officer of its Life and General Insurance businesses succeeding Mr. Deepthi Lokuarachchi who served the Group in the capacity of Managing Director/CEO. In line with the Group’s retirement policy, Mr. Lokuarachchi will be stepping down from his position with effect from 20th July, 2020 upon reaching the age of 55.

Mr. Prasantha Fernando, a career insurance professional joined HNB Assurance as General Manager - Life in March, 2012 and has been serving the Company since then. He holds a Bachelor’s Degree in Mathematics and Statistics awarded by the University of Colombo and is also a Chartered Insurer with the Associateship of the Chartered Insurance Institute, UK. Mr. Fernando being an old boy of Royal College of Colombo has taken an active role during his tenure in the Company and brought about many transformational changes in the Life Insurance business of the Group. Prior to his engagement with HNB Assurance, he served Aviva NDB Insurance since 1992 when it was known as CTC Eagle Insurance. Mr. Fernando has also served the Association of Chartered Insurance Professionals as a Founding Member and was a past Chairman of the Life Insurance Forum of the Insurance Association of Sri Lanka and is an Executive Committee Member of the Insurance Association of Sri Lanka.

HNB Assurance PLC (HNBA) is one of the fastest growing Insurance Companies in Sri Lanka with a network of 63 branches. HNBA is a Life Insurance company with a rating of A (lka) by Fitch Ratings Lanka for ‘National Insurer Financial Strength Rating’. Following the introduction of the segregation rules by the Insurance Regulator, HNB General Insurance Limited (HNBGI) was created and commenced its operations in January 2015; HNBGI continues to specialize in motor, non-motor and Takaful insurance solutions and is a fully owned subsidiary of HNB Assurance PLC. HNBA is rated within the Top 100 brands and Top 100 companies in Sri Lanka by LMD and HNB Assurance has won international awards for Brand Excellence, Digital Marketing and HR Excellence and won many awards for its Annual Reports at award ceremonies organized by the Institute of Chartered Accountants of Sri Lanka and SAFA (South Asian Federation Accountants).

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