Lanka Business Online
 
 
Split Decision:

Sri Lanka's HNB Assurance separates general insurance

Mar 29, 2014 (LBO) - Sri Lanka's HNB Assurance Plc said it will set up a separate unit to take over its general insurance business under a regulatory decision to split all composite insurers.

The firm's shareholders had approved a resolution to transfer assets and liabilities of the general insurance business to HNB General Assurance Ltd, the firm said in a stock exchange filing.

HNB Assurance is a unit of listed Hatton National Bank.

 
© Lanka Business Online, All Rights Reserved.