Orient Insurance records Rs 100 m GWP in Q1 2012

Orient Insurance Ltd., a member of the Al-Futtaim Group and sister company of Associated Motorways (AMW) said that it had secured Rs. 100 m worth of Gross Written Premium in general insurance, during the first quarter of 2012

Deepthi Lokuarachchi

Orient's Chief Executive, Deepthi Lokuarachchi said, "This is a significant achievement for Orient Insurance as it shows the recognition and acceptance the company has gained within such a short period of time of being in operation."

Lokuarachchi recounted how the company had been able to win accounts of top corporates as well as those in the retail segment.

The company hopes to promote innovation and introduce unique products to the market.

The business mix remains solid across all lines of business.

"It has been truly rewarding to have so many companies sign up with us. This expression of solidarity and faith is re-assuring, considering the severe competition in the market," said Lokuarachchi expressing his gratitude to all banks, leasing companies, brokers and customers.

Orient Sri Lanka's financial strength is reflected by the level of its capitalisation which significantly exceeds stipulated minimum capital requirements as well as its accessibility to the world's top reinsurance markets through group synergy.

Orient's property, engineering and liability reinsurance programs are led by Swiss Re, one of the world's largest and strongest reinsurance giants.