Deepthi Lokuarachchi has been appointed the Managing Director of HNB Assurance PLC with effect from May 26. The appointment is subject to the approval of the Insurance Board of Sri Lanka. A stock exchange filing by the insurer said, in addition to his new position, Lokuarachchi will function as the CEO of HNB Assurance PLC and HNB General Insurance Limited. He was appointed CEO of the two companies on May 2, 2016.
Lokuarachchi is a law graduate from the University of Colombo and is also a holder of an Advanced Diploma in Insurance (ACII) from the Chartered Insurance Institute, UK.
In addition to these academic qualifications, he is also a qualified attorney and a Chartered Insurance Risk Manager.
Deepthi counts over two decades of professional experience in the fields of general management, distribution and risk management and overall operations management. He commenced his career at Eagle Insurance where he held various key positions including General Manager Distribution and Risk Management. Advancing in his career, Deepthi moved to AIG Insurance Ltd where he held the position of Deputy Chief Executive and Chief Operating Officer in charge of the Sri Lankan and Maldivian Operations. Deepthi also served as the Chief Executive Officer of Orient Insurance Limited Sri Lanka and the Chief Executive Officer of Sri Lanka Insurance Corporation Ltd prior to joining HNB Assurance.He is also the current President of the Insurance Association of Sri Lanka and the former President of Sri Lanka Insurance Institute.