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New Board Appointments of HNB Assurance PLC & HNB General Insurance Limited

HNB Assurance PLC (HNBA) announced the appointments of Mr. Damien Fernando and Mr.Stuart Chapman as Non-Executive Directors while its subsidiary, HNB General Insurance Limited (HNBGI) announced the appointments of Mr. Damien Fernando, Mr. Sanjay Wijemanne and Mr. Arjuna Abeygunasekara as Non-Executive Directors to the respective Boards. These appointments have been approved at the recently concluded Company Annual General Meeting and also by the Insurance Regulatory Commission of Sri Lanka. The reconstituted Board of HNBA comprises of Mrs. Rose Cooray as Chairperson, Mr. Deepthi Lokuarachchi as
Managing Director/Chief Executive Officer, Mr. Mahendra Jayasekera, Mrs. Siromi Wickramasinghe, Dr. Sivakumar Selliah, Mr. Dilshan Rodrigo, Mr. Ravi Abeysuriya, Mr. Damien Fernando and Mr. Stuart Chapman. And the reconstituted Board of HNBGI comprises of Mrs Rose Cooray as Chairperson, Mr. Deepthi Lokuarachchi as Managing Director/Chief Executive Officer, Mr. Faizal Salieh, Mr. Dilshan Rodrigo, Mrs. Marina Tharmaratnam, Mr. Damien Fernando, Mr. Sanjay Wijemanne and Mr. Arjuna Abeygunasekara. Mr. Damien Fernando is an old boy of St. Peter’s College, Colombo and Royal College, Colombo, Mr. Fernando is a Fellow Member of the Chartered Institute of Management Accountants of United Kingdom and is a qualified Accountant of the Institute of Chartered Management Accountants of Sri Lanka and obtained a Master of Business Administration Degree from the Postgraduate Institute of Management, University of Sri Jayawardenapura. Mr. Fernando has held many key positions in several sectors including Finance, Life and
General Insurance and has held positions on the Boards of the Sri Lanka Insurance Corporation Limited, Distilleries Company of Sri Lanka, Lanka Hospital Corporation PLC, Melstacorp PLC, Pelwatte Sugar PLC and National Asset Management Limited. Presently Mr.Fernando is a member of the Boards of the Hatton National Bank PLC, HealthCey Private Limited and Addison Private Limited. Mr. Stuart Chapman holds a Master of Business Administration Degree from the University of Colombo and a Diploma in Marketing, UK. He is a Fellow Member of the Chartered Institute of Marketing, UK. He has also obtained a Diploma in Life Insurance Sales and Marketing from the Life Underwriters Training Council, USA. He is also a Fellow Member of the Institute of Management, UK. He is a Member of the Institute of Certified Management Accountants, Australia and holds a Diploma in Business Management from the National Institute of  Business Management, Sri Lanka. With over 38 years of professional experience in industries including Insurance, Merchant Banking, FMCG, Healthcare and Telecommunications, Mr. Chapman has held several key positions. He has served Janashakthi Insurance PLC in the capacity of Director/CEO and GlaxoSmithKline (GSK) Pharmaceuticals as Managing Director, Lanka Orix Leasing Company in the capacity of Managing Director, Hemas Healthcare Sector as Managing Director, Reckitt Benckiser as Marketing Director and Unilever Sri Lanka as a Senior Brand Manager. He has been on the Boards of Ceylinco Insurance Co. Limited, Seylan Merchant Bank, Glaxo Wellcome Ceylon Limited, SmithKline Beecham Private Limited, Lanka Orix Leasing Company Limited and currently serves on the Boards of Hemas Pharmaceuticals Private Limited and  nited Motors Lanka PLC. In addition, he has held several positions in the industry including that of Honorary President and Founding Member of the Chartered Institute of Marketing Sri Lanka Region, President of the Chamber of Pharmaceutical Industry and Co-Chairman of the Pharmaceutical and Cosmetics Steering Committee of the Ceylon Chamber of Commerce. Mr. Sanjay Wijemanne holds a Bachelor of Science Degree in Business & Finance from Mount Saint Mary’s University in the United States of America. Mr. Wijemanne currently holds the position of Deputy General Manager of Retail Banking at the Hatton National Bank PLC and
manages key areas pertaining to Personal Financial Services (Leasing, Pawning, Personal and Housing Loans), Credit Cards, Sales & Business Development, Digital Banking, Network Management, Deposit Mobilization, Marketing Communications, Customer Service, Club & Priority Banking, Inward Remittances & Exchange House Relationships and Bancassurance Channels. Having commenced his career at Ceylinco Securities & Financial Services, he then joined the Hatton National Bank PLC and subsequently The Hongkong and Shanghai Banking Corporation Limited, where he held many key positions including Vice President – Custody & Clearing, Head of Sales, Head of Branches including Premier Banking, Branch Manager - Kollupitiya Branch/Manager Premier Centre. He then joined the Standard Chartered Bank and held positions of Head of Retail Banking, General Manager - Premium Banking Branch Sales & Services and General Manager - Value  Centre. Mr. Arjuna Abeygunasekara counts over 20 years of experience in the banking sector including branch banking and treasury management in four leading banks in the country. He currently holds the position of Assistant General Manager - Treasury and Markets of Hatton National Bank PLC. Mr. Abeygunasekara holds a Bachelor of Science Degree from the  University of Colombo and a Master of Business Administration Degree from the University of Colombo. He has obtained the status of ACI and the status of Chartered Global Management Accountant and is an Associate Chartered Management Accountant. In addition, he serves the Centre for Banking Studies of the Central Bank of Sri Lanka as a recourse person.

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19

Apr

HNBA Continues Dominance as Best Life Bancassurance Provider for Fourth Consecutive Year

<p class="MsoNormal" style="line-height:150%;text-align:justify;"><span style="font-family:&quot;HNBA &amp; GI&quot;;font-size:10.0pt;"><span style="line-height:150%;">HNB Assurance PLC (HNBA) has once again secured the prestigious title of "Best Life Bancassurance Provider in Sri Lanka" for the fourth consecutive year, recognized by the Global Banking and Finance Review. This award underscores HNBA's strong partnerships and commitment to excellence while maintaining its dominant position within the industry.</span></span><o:p></o:p></p><p class="MsoNormal" style="line-height:150%;text-align:justify;"><span style="font-family:&quot;HNBA &amp; GI&quot;;font-size:10.0pt;"><span style="line-height:150%;">Mr. Lasitha Wimalaratne, Chief Executive Officer of HNBA, stating, “It is indeed an immense honor to be acknowledged as the Best Life Bancassurance provider in the country by the esteemed Global Banking and Finance Review - UK, marking our fourth consecutive win. This achievement truly is a testament to the dedication and collaboration of our teams, who continuously push boundaries, foster partnerships and redefine industry benchmarks."</span></span><o:p></o:p></p><p class="MsoNormal" style="line-height:150%;text-align:justify;"><span style="font-family:&quot;HNBA &amp; GI&quot;;font-size:10.0pt;"><span style="line-height:150%;">He further emphasized the significance of HNBA's Partnership Channel in their business operations, “As we strive towards our goal to attain 10% market share the partnership channel has a crucial role to play. I’m extremely proud of our team for this achievement and I’m certain we will continue to push boundaries and reach even greater heights.”</span></span><o:p></o:p></p><p class="MsoNormal" style="line-height:150%;text-align:justify;"><span style="font-family:&quot;HNBA &amp; GI&quot;;font-size:10.0pt;"><span style="line-height:150%;">"We're thrilled by HNBA's achievement of being the Best Life Bancassurance Provider in Sri Lanka for the fourth consecutive year and are committed to ensuring that our partnership grows even further. By leveraging our strengths as a Group, we are consistently exploring ways to keep delivering top-notch solutions to our customers. My congratulations to HNBA and all the teams involved in this impressive achievement", opined, Mr. Supun Dias, Assistant General Manager - Network Management at Hatton National Bank.</span></span><o:p></o:p></p><p class="MsoNormal" style="line-height:150%;text-align:justify;"><span style="font-family:&quot;HNBA &amp; GI&quot;;font-size:10.0pt;"><span style="line-height:150%;">Mr. Sanesh Fernando, Chief Business Officer – Partnerships at HNBA, reflected on the significance of this achievement, stating, “Without a doubt, this achievement stands as a testament to the collaborative efforts of the entire Partnership Team, for which I extend my deepest gratitude. A special mention goes out to the management of Hatton National Bank and all our other banking partners for their continued support.</span><span style="line-height:150%;mso-spacerun:yes;">&nbsp; </span><span style="line-height:150%;">To receive this prestigious recognition for the fourth-year running is a clear indication of our relentless commitment to excellence and the efforts made by our team. I’m confident that moving forward, we as a team are committed to delivering exceptional value to our customers collectively contributing to the larger vision of HNBA.”</span></span><o:p></o:p></p>

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17

Apr

Mrs. Rose Cooray Inducted to the Hall of Fame at Great Manager Awards 2024

<p>At the prestigious Great Manager Awards 2024, Mrs. Rose Cooray, the Chairperson of HNB Assurance PLC and HNB General Insurance Limited, was inducted into the Hall of Fame. Mrs. Cooray, who assumed her role in 2015, has been instrumental in steering both companies to remarkable growth and success. Since taking on the mantle of Chairperson, Mrs. Cooray has spearheaded initiatives that have led to substantial financial achievements, embracing cutting-edge technological advancements, securing international acclaim and forming numerous synergies and partnerships that have laid a solid foundation for the future of both organizations. With over 47 years of extensive experience in the financial sector, including a distinguished career at the Central Bank of Sri Lanka where she served as Deputy Governor, Mrs. Cooray brings a wealth of knowledge and expertise to her leadership roles. Her tenure has been marked by astute decision-making, visionary leadership and a commitment to excellence. In recognition of Mrs. Cooray's outstanding contributions, Mr. Lasitha Wimalaratne, CEO of HNBA, remarked, "Mrs. Rose Cooray's induction into the Hall of Fame is well deserved and a testament to her exemplary leadership. I’m proud to state that under her guidance, HNB Assurance has achieved unprecedented growth and success, setting new benchmarks in the industry. Her visionary approach and strategic initiatives have been instrumental in positioning us for sustained excellence in the years to come. I’d like to extend my congratulations to Mrs. Cooray on this great achievement." “Mrs. Cooray's induction to the Great Manager Awards Hall of Fame is a fitting recognition” opined, Mr. Sithumina Jayasundara, CEO of HNBGI. “Personally, to me, what sets her leadership style apart is how she extends her influence and support way beyond boardroom discussions, making a conscious effort to hear every voice and inspire action. Her willingness to go above and beyond has certainly shaped how we operate as a company. At HNBGI we are extremely proud of her recognition and I’d like to congratulate Mrs. Cooray on her induction to the Hall of Fame”</p>

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15

Apr

HNB Assurance Strengthens Presence with Relocation of Branches in Nugegoda and Nuwara Eliya

<p class="MsoNormal" style="line-height:150%;text-align:justify;"><span style="font-family:&quot;HNBA &amp; GI&quot;;font-size:10.0pt;"><span style="line-height:150%;">HNB Assurance PLC, is delighted to announce the relocation of its branches to prime locations in Nugegoda and Nuwara Eliya. These strategic moves reflect on the company's intention to enhancing accessibility and service delivery to customers in key regions across the island. Providing convenient access to its comprehensive range of insurance products and services, including protection, health, savings, retirement and&nbsp;</span><span style="line-height:150%;mso-spacerun:yes;"> </span><span style="line-height:150%;">MRP has contributed to the progress of the company, showcasing a 20% year on year growth continuously over the past three years.&nbsp;</span></span><o:p></o:p></p><p class="MsoNormal" style="line-height:150%;text-align:justify;"><span style="font-family:&quot;HNBA &amp; GI&quot;;font-size:10.0pt;"><span style="line-height:150%;">Mr. Lasitha Wimalaratne, CEO of HNBA, expressing his thoughts at the branch openings, stated, “The decision to relocate our branches in Nugegoda and Nuwara Eliya was driven by our strategic vision to position ourselves in key high-traffic areas, enabling us to foster deeper connections with our customers and offer tailored insurance solutions that safeguard what matters most to them. As we embark on this journey of growth, our branch network remains integral, serving as the bedrock to our customer-centric approach. I have full confidence that these new locations will not only amplify our presence but also elevate the level of service we provide to the local communities."</span></span><o:p></o:p></p><p class="MsoNormal" style="line-height:150%;text-align:justify;"><span style="font-family:&quot;HNBA &amp; GI&quot;;font-size:10.0pt;"><span style="line-height:150%;">Mr. Harindra Ramasinghe, Chief Business Officer – Advisor Distribution Channel, emphasized the significance of the relocations in enhancing customer experience. "At HNB Assurance, we are constantly striving to exceed customer expectations and deliver exceptional value. Last year, we were honored for our pioneering Insurance Distribution initiative at the prestigious Emerging Asia Insurance Awards, a recognition which underscores our commitment not only to expansion but also for being innovative with our Distribution Strategy. The relocation of our branches in Nugegoda and Nuwara Eliya enables us to build closer relationships with our customers and provide them with unparalleled support and assistance. With a branch network of 69 branches and an advisor force in excess of 3500, the advisor distribution channel at HNBA has consistently displayed growth and innovation. I extend my heartfelt appreciation for the dedication and hard work of our teams and convey my best wishes for success to both branch teams.”</span></span><o:p></o:p></p><p class="MsoNormal" style="line-height:150%;text-align:justify;"><span style="font-family:&quot;HNBA &amp; GI&quot;;font-size:10.0pt;"><span style="line-height:150%;">The Nugegoda branch is now located at 69, S da S Jayasingha Mawatha, Kohuwala, Nugegoda, while the Nuwara Eliya branch has been relocated to 31/1/1, Lowson Street, Nuwara Eliya.&nbsp;</span></span><o:p></o:p></p>

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