HNBA News

HNB Assurance PLC rang the opening bell at the Colombo Stock Exchange (CSE) today. The  ceremony  was organized to  celebrate the inclusion  of HNB  Assurance PLC in the S&P SL20 Index following 2019 the mid-year index review.  Chairperson   Ms. Rose   Cooray,   Managing   Director/CEO   Mr.   Deepthi   Lokuarachchi, Director  Dr.  Sivakumar  Selliah,Chief  Operating  Officer  Mr.  Prasantha  Fernando  andBoard  Secretary  Ms.  Sitari  Jayasundarafrom  HNB  Assurance  PLC  were  present  at the event while the CSE was represented by ChairmanMr. Ray Abeywardena, DirectorMr. Shanil  Fernando,CEO  Mr. Rajeeva  Bandaranaike  and  the  Senior  Management  of  the Exchange. CEOof  CSE Mr.  Rajeeva  Bandaranaikespeaking  at  the  ceremony congratulated  the company’s  leadership  on  achieving  the  capital  market  milestone.  “A  public  listing alone is often considered as a milestone in a company’s lifecycle. Inclusion in an index that features  the  leading  stocks  listed  on  any  exchange  around  the  world,  is  an achievement.HNB  Assurance  PLC  joins  an  exclusive  group  of  companies  that  are among  the  top  20  companies  in  terms  of  market  liquidity  and  frequency  of  trading  at the exchange.” Managing Director/CEOof  HNB  AssurancePLCand  HNB  General  LimitedMr.  Deepthi Lokuarachchicommenting at  the  ceremony  stated  that  the  management  and  the Board  are  happy  and  proud  of  this  achievement. Mr.  Lokuarachchi  also said“Asa company we are a strong outfit organizing and mobilizing all our resourcesandgiving the  maximum  shareholder  value  and  value  creation  to  them. Weare  committed  to growing our business, and continue to be a very strong stock for our shareholders.” HNB Assurance PLC (HNBA) is the one of the fastest growing Insurance Companies in Sri  Lanka  with  a  network  of  59  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  Insurer  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  isa  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  also  won  many  awards  for  its  Annual  Reports  at  the  Award ceremonies organized by the Institute of Chartered Accountants of Sri Lanka and SAFA (South Asian Federation Accountants).The S&P SL 20 index has been designed in accordance with international practices and standards.All  stocks  are  classified  according  to  the  Global  Industry  Classification  Standard (GICS®), which wasCo-developed  by  S&P  Dow  Jones  Indices  and  MSCI  and  is  widely  used  by  market participantsthroughout the world.

HNB Assurance PLC (HNBA) recently announced its Million Dollar Round Table qualifiers. The top achievers will represent the Company at the MDRT conference along with the crème of the global insurance industry. The conference will be held in Miami Beach, Florida, USA. The Company has produced 38 MDRT qualifiers and one Court of the Table (COT) qualifier. MDRT, which was formed in 1927, is an independent association with a global count of over 45,000 professionals affiliated to insurance and financial services market in over 500 companies, where membership is exclusively to those that surpass the given threshold. Sharing his thoughts, Managing Director/CEO of HNBA and its fully owned subsidiary HNB General Insurance Limited (HNBGI), Mr. Deepthi Lokuarachchi stated, “becoming a Million Dollar Round Table member is one of the most prestigious achievements for an insurance professional and our go-getters have worked tirelessly to meet the threshold and this is their reward. This by no means is a small achievement and I wholeheartedly congratulate all the MDRT qualifiers and thank them for setting an example of commitment and dedication for the entire industry”. Extending his gratitude, Chief Operating Officer of HNBA Mr. Prasantha Fernando stated, “whilst congratulating all the MDRT winners, I wish to thank the Distribution Management teams and the Bancassurance teams for their continuous support for cementing the confidence throughout our Sales Force to push boundaries and reach greater heights in their journey”. HNB Assurance PLC (HNBA) is the one of the fastest growing Insurance Companies in Sri Lanka with a network of 59 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 Insurer 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 also won many awards for its Annual Reports at the Award ceremonies organized by the Institute of Chartered Accountants of Sri Lanka and SAFA (South Asian Federation Accountants).

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.