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Friday November 13th, 2026
Insurance

Sri Lanka's NITF outlook cut to negative, AA-(lka) rating confirmed

The outlook of Sri Lanka's National Insurance Trust Fund, a fully state-owned insurer which also re-insures some domesti...

December 17, 2019 3 min read

Sri Lanka insurer regulatory capital drops with new accounting rules

Risk -based capitalization (RBC) of Sri Lanka's insurance companies have dropped after the adoption of a new accounting ...

December 3, 2019 3 min read

Sri Lanka’s Softlogic in Rs762mn Sept quarter loss

Sri Lanka’s Softlogic Holdings made a loss of 762 million rupees in the September 2019 quarter compared with profits o...

November 19, 2019 2 min read

Sri Lanka’s Ceylinco Insurance Sept net up 159-pct

Sri Lanka's Ceylinco Insurance net profits shot up 159 percent to 1.7 billion rupees in the September 2019 quarter from ...

November 19, 2019 2 min read
People's Insurance says tops listed general insurers in pre-tax profits

The firm also had the best combined ratio, the statement said.

Sri Lanka DDR plan reduces risks of insurers: Fitch

Insurers are already under rating watch

Sri Lanka's People's Insurance Rs750mn IPO oversubscribed

ECONOMYNEXT - An initial public offer by Sri Lanka's People's Insurance Plc, a unit of listed People's Leasing, of 50 mi...

December 16, 2015 2 min read

Sri Lanka motor insurance growth seen slowing next year

ECONOMYNEXT – Rapid growth in Sri Lanka’s motor insurance sector is expected to slow down next year with t...

December 15, 2015 1 min read

Sri Lanka insurers stable despite rule changes, more transparency: Fitch

ECONOMYNEXT – Sri Lanka’s insurance sector is expected by Fitch Ratings to stay stable despite uncertainty...

December 14, 2015 2 min read

Insurance seen replacing subsidies in Sri Lanka

ECONOMYNEXT – New insurance products could replace unsustainable subsidies in Sri Lanka which have failed to adeq...

December 7, 2015 2 min read

Sri Lanka Janashakthi Insurance develops life insurance for HIV

ECONOMYNEXT - Sri Lanka's Janashakthi Insurance said it had developed a life insurance cover for those diagnosed with HI...

November 30, 2015 2 min read

Sri Lanka Fitch confirms HNB Assurance, HNB General Insurance ratings

ECONOMYNEXT - Fitch Ratings Lanka has confirmed HNB Assurance PLC's (HNBA) National Insurer Financial Strength Rating an...

October 29, 2015 3 min read

Sri Lanka's Janashakthi wraps up AIA General Acquisition

ECONOMYNEXT - Colombo-based Janashakthi Insurance Plc said it had paid 3.2 billion rupees to complete the purchase of a ...

October 23, 2015 1 min read

Sri Lanka Janashakthi gets shareholder nod for Rs3.3bn cash call

ECONOMYNEXT - Sri Lanka's Janashakthi Insurance Plc said shareholders had given the nod to raised 3.35 billion rupees fr...

October 16, 2015 1 min read

Janathakshi Insurance to buy Sri Lanka's AIA general unit for Rs3.2bn

ECONOMYNEXT - Sri Lanka's Janashakthi Insurance Plc said it had reached a deal to buy the general business of AIA Insura...

October 9, 2015 1 min read

Sri Lanka's Janashakthi Insurance net down, premiums up

ECONOMYNEXT - Profits at Sri Lanka's Janashakthi Insurance group fell 50 percent to 94.1 million rupees in the June 2015...

August 14, 2015 2 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 332.5018 332.3603
UK Pound 440.0661 440.9424
Euro 367.7137 368.4879
Yen 2.0793 2.0805
Aus Dollar 226.4670 227.4342
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.5357 3.5474
Korean Won 0.2494 0.2492
Oman Rial 863.5962 863.2287
Saudi Riyal 88.5939 88.5586
UAE Dirham 90.5259 90.4874
Source: Central Bank/Indicative
pts %
S&P SL20 6,293.72 -1.13%
CSE All Share 22,024.18 -0.60%
Turnover Rs 3232.70 million 2975.05 million
Source: CSE
Latest Last
3-m bill 7.61 7.84
6-m bill 7.91 8.26
12-m bill 8.23 8.3
3-yr bond 9.24 9.25
5-yr bond 9.82 9.56
8-yr bond 10.50 10.48
Source: Central Bank/Indicative
today yesterday
Overnight Money 7.70 7.69
Gilt Repo 7.74 7.72
I-m SLIBOR - -
Source: Central Bank/Indicative

Japan's Mitsui Sumitomo Insurance buys in to Sri Lanka's Ceylinco Insurance

ECONOMYNEXT - Japan's Mitsui Sumitomo Insurance had bought a 6 percent stake in Sri Lanka's Ceylinco Insurance Plc, for ...

July 30, 2015 1 min read

Sri Lanka’s Janashakthi Insurance names Esufally as deputy chairman

ECONOMYNEXT –Husein N. Esufally, chairman of Hemas Holdings, has been appointed deputy chairman and a non-executi...

July 23, 2015 1 min read

Swiss-based Pictet and CEI ups stake in Sri Lanka's Ceylinco Insurance

COLOMBO (EconomyNext) - Swiss-based Banque Pictet and CIE SA has said in a stock exchange filing that it has increased a...

June 29, 2015 1 min read

Sri Lanka's People's Insurance seeks foreign partner, public listing

COLOMBO (EconomyNext) - Sri Lanka's People's Insurance, a unit of People's Leasing and Finance Plc is seeking a foreign ...

June 9, 2015 1 min read

Sri Lanka's Ceylinco Insurance share trust sells down holding

COLOMBO (EconomyNext) - A share trust of Ceylinco Insurance Plc, which held 22.86 percent of the firm has sold down an 1...

May 14, 2015 1 min read

Sri Lanka Insurance Corporation rating confirmed at 'BB-'/Stable

COLOMBO (EconomyNext) - Fitch Ratings Lanka has confirmed Sri Lanka Insurance Corporation Limited's (SLIC) Insurer Finan...

March 12, 2015 3 min read

Sri Lanka Janashakthi completes acquisition of Bartleet Finance

Colombo (EconomyNext) - Sri Lankan insurer Janashakthi PLC has completed acquisition of a controlling stake in Bartleet ...

March 12, 2015 1 min read

Sri Lanka Insurance Corp rating confirmed at 'BB-'

EconomyNext - Fitch Ratings Lanka has confirmed Sri Lanka Insurance Corporation Limited's (SLIC) Insurer Financial Stren...

March 6, 2015 3 min read

Sri Lanka's long-term funds can tap outside expertise to get into PE: industry experts

COLOMBO (EconomyNext) - Sri Lanka's long term pension and insurance funds can tap outside expertise to get into private ...

February 18, 2015 2 min read

Sri Lanka's People's Leasing December quarter net up 32-pct

EconomyNext - Sri Lanka's People's Leasing & Finance, a subsidiary of state-owned People's Bank, said net profit rose 32...

February 16, 2015 1 min read
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