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Ceylinco General pays US $ 1mn advance to Shangri-La

29 April 2019 09:30 am - 1     - {{hitsCtrl.values.hits}}

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Ceylinco General Insurance Deputy Managing Director Upali Witharana handing over the cheque Shangri-La Hotel Colombo General Manager/Vice President Timothy Wright. Also in the picture from left: Ceylinco General Insurance Sathyajith Wijeyapura, Director Ajith Perera Shangril-La Hotel Financial Controller Sathiamoorthie Shanmugam

 

 

 

Ceylinco General Insurance in collaboration with Chubb Insurance of USA have paid an advance of  US $ 1 million  to Shangri-La Hotel Colombo to commence repairs on April 25, just four days after the devastating bomb on Easter Sunday.  


A media statement from Ceylinco General Insurance said their officials visited Shangri-La within a few hours of the incident on Sunday, April 21, and got in touch with the hotel management immediately.  

“On Monday, April 22, an initial inspection was carried out and Ceylinco General Insurance in collaboration with Chubb Insurance, USA paid the advance to Shangri-La Hotel to help them expedite the repairs,” the statement said. 


Further assessments of the extent of damage will be carried out by a loss adjuster appointed by the reinsurer in consultation with Ceylinco General Insurance.  
The advance of US $ 1 million was arranged even before finalizing the initial investigation report, Ceylinco General Insurance said.  


Shangri-La properties in Sri Lanka and the Maldives are insured by Ceylinco Insurance in collaboration with Chubb Insurance, USA.  

 

 

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  Comments - 1

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  • JIM Monday, 29 April 2019 03:58 PM

    While it is commendable, the insurance company should not try to seek unjust enrichment when a payment is made out. Could the insurance company clarify how many other policies were declined citing frivolous reasons besides, Shangri La did pay for peace of mind via thumping premiums. No amont of payment covers loss of human life.


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