Deepthi Lokuarachchi, Chief Executive Officer of HNB Assurance PLC (HNBA) and its fully owned subsidiary HNB General Insurance Limited (HNBGI) was appointed to the Boards of HNBA and HNBGI as Managing Director recently. The appointment is made subject to the approval of the Insurance Board of Sri Lanka. Mr. Lokuarachchinow functions as the Managing Director/Chief Executive Officer of both Companies. Mr. Lokuarachchi is an old boy of Trinity College, Kandy. Havingobtained his Law degree (LL.B) from the University of Colombo, hewas enrolled and admitted as an Attorney-at-Law in 1996. He obtained his Associate Membership of the Chartered Insurance Institute, UK and the status of a Professional Chartered Insurer in 2004. As of recent times, his professional status was converted to that of a Chartered Insurance Risk Manager. Mr. Lokuarachchi counts over two decades of professional experience in the fields of general management, distribution and risk management and overall operations management. His career began at Eagle Insurance in 1993. During his tenure with the company he held various key positions culminating in 2007/2008 as General Manager,Distribution and Risk Management. Climbingup the corporate ladder, he then joined AIG Insurance Limited Sri Lanka in 2008 and served for a period of 3 years and bade farewell in 2011 as the Deputy Chief Executive and the Chief Operating Officer in charge of the Sri Lankan and Maldivian operations. Hislast two appointments included the appointment as Chief Executive Officer of Orient Insurance LimitedSri Lanka,a subsidiary of Arab Orient Insurance, UAE as theoverallincharge of the Sri Lankan operationsand the appointment as Chief Executive Officer of Sri Lanka Insurance Corporation Limited for a period of two years.
May
<p class="MsoNormal" style="line-height:115%;"><span style="font-family:"HNBA & GI";font-size:10.0pt;"><span style="line-height:115%;">HNB Assurance proudly announced the achievement of its esteemed Chief Business Officers, Mr. Harindra Ramasinghe – CBO, Advisor Distribution Channel and Mr. Sanesh Fernando – CBO, Partnerships, who clinched top honors at the prestigious General Agency Management Awards (GAMA) held in the United States of America. This historic win marks the first time any Sri Lankan professional have been recognized at this ceremony.</span></span><o:p></o:p></p><p class="MsoNormal" style="line-height:115%;"><span style="font-family:"HNBA & GI";font-size:10.0pt;"><span style="line-height:115%;">Mr. Harindra Ramasinghe was honored with the prestigious Master Firm Award (MFA), celebrating his remarkable achievements and exemplary leadership in the Advisor Distribution domain. Similarly, Mr. Sanesh Fernando's exceptional performance earned him the distinguished Master Multiline Award (MMA), highlighting his significant contributions to the Partnership Channel of HNBA. These accolades underscore their contributions and impact, showcasing their commitment to excellence within their respective roles. The GAMA Global Awards, renowned for recognizing excellence in financial services leadership, serve as a testament to their outstanding professionalism and influence in the field.</span></span><o:p></o:p></p><p class="MsoNormal" style="line-height:115%;"><span style="font-family:"HNBA & GI";font-size:10.0pt;"><span style="line-height:115%;">Expressing his thoughts on this remarkable achievement, Mr. Lasitha Wimalaratne, CEO of HNB Assurance, stated, "I’d like to extend my heartfelt congratulations to our CBOs Harindra Ramasinghe and Sanesh Fernando on their historic win at the GAMA Awards. This recognition not only reflects their exceptional skill and dedication but also highlights the caliber of professionals within HNB Assurance. I’m certain that this recognition will serve as a great motivation for both our CBOs as well as their teams which will propel us as an organization to even greater heights."</span></span><o:p></o:p></p><p class="MsoNormal" style="line-height:115%;"><span style="font-family:"HNBA & GI";font-size:10.0pt;"><span style="line-height:115%;">In response to their success, Mr. Harindra Ramasinghe commented, "Receiving the Master Firm Award at the GAMA Awards is personally a great honor for me. I owe this recognition to my incredible team and want to acknowledge the leadership at HNBA, who have been clear in communicating their vision and have always served as a source of guidance and support, which I believe is the bedrock of HNBA's success. Over the past 03 years we as a company have maintained a consistent growth rate in excess 20% and the Advisor Distribution Channel has also contributed equally. Last year, we recorded a 37% increase in NBP growth, a robust 23% growth in GWP and received a prestigious international recognition from Insurance Asia for the best Distribution Initiative, which solidifies our commitment to excellence in serving our clients and advancing the insurance industry as a whole.”</span></span><o:p></o:p></p><p><span style="font-family:"HNBA & GI";font-size:10.0pt;"><span style="line-height:107%;mso-ansi-language:EN-US;mso-bidi-font-family:"Times New Roman";mso-bidi-language:AR-SA;mso-bidi-theme-font:minor-bidi;mso-fareast-font-family:Calibri;mso-fareast-language:EN-US;mso-fareast-theme-font:minor-latin;">Mr. Sanesh Fernando also expressed his thoughts, stating, "Receiving the Master Multiline Award is a humbling experience and I am deeply honored to be recognized among such esteemed professionals. This achievement would not have been possible without the tireless efforts and support of my exceptional team. I am immensely proud to lead such a talented group of individuals who continuously strive for excellence in serving our clients. Further, receiving the Best Bancassurance Provider Award by Global Banking and Finance Review for the fourth consecutive year recently, serves as a testament to the channel's commitment to innovation and customer-centricity. I’d like to take a moment to thank the our Bancassurance and broker partners along with the all other business stakeholders for their continued support.”</span></span></p>
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Apr
<p class="MsoNormal" style="line-height:150%;text-align:justify;"><span style="font-family:"HNBA & GI";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:"HNBA & GI";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:"HNBA & GI";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:"HNBA & GI";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:"HNBA & GI";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;"> </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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Apr
<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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