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Germany’s Allianz acquires Janashakthi’s general insurance business for Rs.16.4bn

Janashakthi Insurance PLC Managing Director Prakash Schaffter shakes hands with Allianz Insurance Lanka Managing Director Surekha Alles. Also present are Janashakthi Insurance PLC Director Ramesh Schaffter (left) and Allianz Asia Executive Board Member Zakri Khir  Pic by Kushan Pathiraja

Germany’s Allianz SE to buy Janashakthi General Insurance for Rs16.4bn

2018-02-02 lankabusinessonline
Feb 02, 2018 (LBO) – Janashakthi Insurance is selling its general insurance business to Allianz SE in Germany for 16.4 billion rupees, the company said in a stock exchange filing. (1-0)

Janashakthi opens second branch in Jaffna

2017-11-29 lankabusinessonline
Located at 400, Clock Tower Road, Jaffna, the spacious and easily accessible new office will cater to Janashakthi’s customers in the North. The opening ceremony was attended by a number of local dignitaries and senior members of the Janashakthi Insurance team.

Janashakthi Insurance records growth of 12.4-pct upto Sept

2017-11-15 lankabusinessonline
Nov 15, 2017 (LBO) – Janashakthi Insurance PLC (Janashakthi) reported a consolidated Gross Written Premium (GWP) of 11.047 billion rupees for the nine months ended 30th September 2017, the company said in a statement. (15-0)

Cricket & Reconciliation In Sri Lanka

2017-09-20 colombotelegraph
A recent Skype chat with Uvindu Kurukulasuriya about Kumar Sangakkara inevitably led me to reflect upon the many reconciliatory measures Kumar has participated in – steps attempting to build bridges across the Sinhala-Tamil ethnic divide in Sri Lanka. Among these efforts, the most striking act was the powerful ecumenical statement he asserted at the end of his momentous Cowdrey Lecture at the MCC in London in 2011.

Janashakthi records 11-pct GWP growth in first six months

2017-08-17 lankabusinessonline
Aug 17, 2017 (LBO) – Janashakthi Insurance PLC (Janashakthi) registered consolidated Gross Written Premium (GWP) of Rs. 7.22 billion for the six months period ended 30th June 2017, with a year-on-year growth of 11 percent.

Janashakthi records YoY growth of 11-pct in six months ended June

2017-08-16 lankabusinessonline
(PRESS RELEASE) – Janashakthi Insurance PLC (Janashakthi) registered consolidated Gross Written Premium (GWP) of Rs. 7.222 billion for the six month period ended 30th June 2017, with a Year on Year (YoY) growth of 11%.

Janashakthi Offers Free Breakdown Assistance to All Vehicle Owners Affected by Floods

2017-06-05 lankabusinessonline
Expressing its solidarity with all fellow Sri Lankans affected by the recent adverse weather conditions, Janashakthi General Insurance Limited announced that Janashakthi Full Option will be carrying out a free breakdown assistance service across areas affected by the floods.

Janashakthi records double digit growth in premiums in Q1 2017

2017-05-22 lankabusinessonline
Janashakthi Insurance PLC (Janashakthi) reported a 14% Year on Year (YoY) growth in consolidated Gross Written Premium (GWP) which stood at Rs.3.789 billion for the three month period ended 31st March 2017, with Life and Non-Life businesses registering a GWP growth of 16% and 14% respectively.

Janashakthi Produces a Top 100 Most Influential Global HR Professional

2017-04-18 lankabusinessonline
​​ (PRESS RELEASE) – Janashakthi Insurance PLC, a leading Insurer in Sri Lanka, proudly celebrates the achievement of its team member Hasinda Fernando, for being ranked as one of the Top 100 Most Influential Global HR Professionals at the World Human Resources Development Congress held in Mumbai, India recently.

Prakash Schaffter addresses Asia Insurance Review’s regional conference

2017-04-03 lankabusinessonline
Veteran Sri Lankan Insurer and Managing Director of Janashakthi Insurance PLC, Prakash Schaffter was invited to share his learning from the Sri Lankan Insurance sector’s shift to the Risk-Based Capital (RBC) framework, at the 3rd Asia Conference on Risk-Based Capital in Manila, Philippines recently.

World Bank Distances Itself From Arjuna Mahendran’s Central Bond Scam

2017-01-29 colombotelegraph
The World Bank has officially distanced itself from the controversial Central Bank bond scam committed by ex-Governor Arjuna Mahendran citing that they are not aware of the international best practices to accurately calculate the potential loss in the case of the past bond auction.

Stuart Chapman to Steer Janashakthi Life in New Direction

2017-01-09 lankabusinessonline
(PRESS RELEASE) – Janashakthi Insurance PLC, a leading Insurance provider in Sri Lanka, announced the appointment of Stuart Chapman as Director/Chief Executive Officer for its Life Business with effect from 1st January 2017.

Janashakthi to offer enhanced benefits to full option policyholders

2016-12-21 lankabusinessonline
Janashakthi General Insurance Limited (Janashakthi) signed a Memorandum of Understanding (MoU) with Associated Motorways Ltd (AMW) to offer special value additions to Janashakthi Full Option policyholders.

Janashakthi Nurture the Next Generation of Insurance Professionals

2016-11-28 lankabusinessonline
Janashakthi Insurance recognised six students of the Wayamba University ‘Insurance and Valuation Degree’ batch for their outstanding performance at a special awards ceremony recently, where the batches of 2015 and 2016 were awarded Gold, Silver and Bronze medals along with cash prizes.