Kudabalage appointed Sri Lanka Insurance MD

Monday, 13 January 2014 00:03 - - {{hitsCtrl.values.hits}}

Piyadasa Kudabalage, formerly Executive Director of Sri Lanka Insurance, assumes duties as the Managing Director of Sri Lanka Insurance Corporation with effect from 1 January 2014. Kudabalage was appointed to the Sri Lanka Insurance Board as the Executive Director in 2010, and is actively involved in the business operations of Sri Lanka Insurance Corporation Ltd.

Under his stewardship the company achieved many milestones as the declaration of the highest profits in its history in 2011, and achieving AAA Ram Ratings and AA Fitch Ratings. He is also instrumental and is involved in streamlining many internal processors. Kudabalage holds a Bachelor of Commerce (Hons) Degree from the University of Kelaniya and is a Fellow Member of the Institute of Chartered Accountants of Sri Lanka, the Institute of Certified Management Accountants of Sri Lanka and the Institute of Certified Professional Managers Kudabalage is also the Managing Director/Chief Executive Officer of Litro Gas Lanka Ltd., Litro Gas Terminal Lanka Ltd., Canwill Holdings Ltd., Taprobane Hotels & Spa Ltd., Helanco Hotels & Spa Ltd., Sinolanka Hotels & Spa Ltd., Canowin Hotels and Spas Ltd., and Canwill Holdings Ltd. He is the Executive Director of Management Services Rakshana Ltd., and is the Chairman, Peoples Merchant Finance Ltd. He also serves the Boards of Peoples’ Bank, Colombo Dockyard PLC, Sri Lanka Insurance Corporation Ltd. - Maldives, People’s Leasing & Finance PLC, People’s Leasing & Finance PLC, People’s Leasing Property Development Ltd., People’s Leasing Havelock Properties Ltd., People’s Leasing Fleet Management Ltd., People’s Microfinance Ltd. as a Director and a Senior Partner of P. Kudabalage & Company, Chartered Accountants. He has well over 30 years experience in the mercantile sector and held several senior positions prior to assuming the duties of aforesaid companies.