Sri Lanka to re-insure domestic re-insurer NITF

ECONOMYNEXT – Sri Lanka will seek international re-insurance for the National Insurance Trust Fund, a domestic state-controlled re-insurer, cabinet spokesman Minister Rajitha Senaratne said.

Prime Minister Ranil Wickremesinghe had proposed to re-insure the fund to cover the risks of any extraordinary loss, he said.

The cabinet of ministers had approved the proposal.

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