Company filings and market news from across Sri Lanka's stock market.
LOLC General Insurance signed an MoU with Hatton National Bank to expand bancassurance operations and offer HNB customers integrated insurance solutions.
Commercial High Court (Colombo) ruled in favour of Rice Lanka Processing Ltd, finding that an Amana Takaful PLC cover note provided valid interim insurance for two flood claims totalling Rs. 66,006,338. The decision affirms cover notes are legally binding and raises insurer liability in similar cases.
Colombo market turned bearish as the ASPI slipped 2 points to 17,115 on turnover of Rs.7.34bn and a net foreign outflow of Rs.2.2bn led by JKH; capital goods led turnover while NDB, COOP, AEL and Sierra Cables rose and Browns, Royal Ceramics, Melstacorp, LOLC and Hayleys lagged.
LOLC Holdings PLC held its second Global IT Conference themed 'AI and Digital for Business' with 100+ technology leaders from over 20 countries, highlighting AI adoption and showcasing the group's FusionX next‑generation core banking solution.
LOLC Life reported 56% cumulative GWP growth to Q3 2024 and LOLC General Insurance posted 12% cumulative GWP growth, boosted by digital platforms, the new Health Maxx product and a LOLC Takaful offering; both are subsidiaries of LOLC Holdings.
Union Chemicals Lanka PLC won the Overall Winner (Gold) — Best Entrepreneur of the Year 2024 (Western Province) at the Western Province Entrepreneur Awards held on 11 December 2024. Pan Asia Bank was the Gold Sponsor and LOLC General Insurance was an awards sponsor.
LOLC Life Assurance won the Best Customer-Oriented Company of the Year award at the 4th Emerging Asia Insurance Awards, recognising its customer service and digital innovations.
LOLC Insurance and Pan Asia Bank held a Bancassurance Recognition Event to honour top performers and mark their ninth year of partnership, and said they will expand bancassurance products and introduce more tailored insurance solutions.