Orient Insurance launched
Indunil Hewage
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Orient Insurance, Sri Lanka Chief
Executive Officer Deepthi Lokuarachchi, Al-Futtaim Group UAE
Vice Chairman Omer Al Futtaim, Arab Orient Insurance UAE
Senior Managing Director/ Orient Insurance Ltd Sri Lanka
Chairman Omer Elamin, Associated Motorways Chairman Len Hurt
and Orient Insurance Limited Vice Chairman/Associated
Motorways (Pvt) Ltd President, Thilak De Zoysa at the
launching of Orient Insurance |
Orient Insurance, a fully owned subsidiary of Arab Orient Insurance
PCS was officially launched in Sri Lanka Tuesday with an investment of
Rs 750 million. Arab Orient Insurance PCS is part of prestigious UAE
based Al-Futtaim group. Though the orient insurance was officially
launched on Tuesday, the company secured the Insurance Board of Sri
Lanka approval to operate in Sri Lanka in October last year and was
operational since December 1, 2011. The company will function in the
general insurance sector with the insurance classes of motor, marine,
property, liability, medical and other sectors that come under the
general insurance business.
Arab Orient Insurance UAE, Senior Managing Director and Orient
Insurance Ltd Sri Lanka Chairman, Omer Elamin said “Orient Insurance is
well-positioned to be a strong player in Sri Lanka's general insurance
segment. We are looking at expanding our presence in Sri Lanka and so
far we have opened five branches in the Colombo area and another eight
in outstations. Another four branches will be opened before the end of
March, this year. We believe in upholding our core values of integrity,
service and social responsibility and we aim to provide the Sri Lankan
market with risk solutions within a professional culture. In addition we
will be looking at opportunities in real estate and leisure sectors in
Sri Lanka in the coming years.
Associated Motorways is the sister company of Orient Insurance. With
over 60 years of experience in the motor industry, AMW's local
understanding of the automobile industry and network of outlets will
enable Orient Insurance to understand and have an edge in the motor
insurance needs for the local market.
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