19 March 2020 03:32 pm
HNB General Insurance Limited (HNBGI), the fully owned subsidiary of HNB Assurance PLC (HNBA) announced the appointment of Sithumina Jayasundara to the position of Chief Operating Officer recently. With over 23 years of experience in different capacities, Sithumina holds a MBA from Cardiff Metropolitan University (UK), ACII (UK), ANZIF (Snr Assoc) as well as the status of a Chartered Insurer. Having Joined HNB General Insurance in July 2014, he was appointed to the Group Executive Committee in 2015 and subsequently promoted as the Chief Technical Officer of HNBGI.
He has obtained foreign exposure through different training programmes related to General Insurance and specialized in the field of Reinsurance. Sithumina is the Vice-President of the Sri Lanka Insurance Institute which is affiliated to the Chartered Insurance Institute of UK. He is also the founder Council Member of The Association of Chartered Insurance Professionals (ACIP) in Sri Lanka.
Sharing his comments, Managing Director/CEO of HNBA and HNBGI Mr. Deepthi Lokuarachchi stated, “Sithumina has contributed immensely to the growth and development of the Company, and I am sure he will excel in his new role in steering this company in the future. He has the benefit of a very strong reinsurance background apart from his business acumen and keen technical insight. I wish Sithumina all the very best in his new appointment”.
HNB General Insurance Limited (HNBGI) was created as a fully owned subsidiary of HNB Assurance PLC (HNBA) in January 2015, to give effect to the regulatory requirement of segregation of Life and General Insurance businesses. Thus, HNBGI effectively took over the General Insurance business, handled by HNBA prior to 2015. HNBGI specializes in motor and non-motor insurance solutions, and is presently one of the fastest growing General Insurance Companies in Sri Lanka, with a network of 56 branches. HNBA, the Parent Company specializing in Life Insurance solutions is ranked within the Top 100 Brands and Top 100 Companies in Sri Lanka and has won multiple accolades for Brand Excellence, Digital Marketing and HR Excellence and many awards for its Annual Reports at award ceremonies organized by the Institute of Chartered Accountants of Sri Lanka and the South Asian Federation of Accountants.