Tanuj Edward appointed CEO of Orient Insurance Sri Lanka

Tanuj Edward has assumed office as the new Chief Executive Officer of Orient Insurance Ltd., Sri Lanka, a wholly owned subsidiary of Orient Insurance PJSC, one of the giants in the insurance industry in the United Arab Emirates.

Hitherto assuming office as CEO of Orient Insurance Sri Lanka, Tanuj served as the Deputy Chief Executive Officer of AIA General Insurance Lanka Ltd.

Tanuj Edward

He counts over 25 years of experience in the insurance industry and held many Senior Management positions in Sri Lanka and overseas. Tanuj is an Associate Member of the Chartered Insurance Institute of London and a Senior Associate of Australian and New Zealand Institute of Insurance and Finance.

Commenting on his appointment Tanuj said: “I’m honoured to lead this company and take on this role with a vision for the company’s steady success and with confidence in its people and look forward to creating value to all our customers, distribution partners and people. The general insurance market in Sri Lanka is a competitive and dynamic one, but we are confident of our ability to be unique and make a difference, we have great ambitions for the business and look forward to exploring growth opportunities.”

Orient Insurance Sri Lanka opened its doors to business on 1 December 2011 and offers all classes of general insurance, including motor, marine, property, liability and medical amongst others. Within a span of four years, Orient Insurance Sri Lanka achieved a remarkable milestone by recording the highest year on year growth of 76% percent which is a commendable accomplishment for a new entrant in a fiercely competitive market.

The parent company Orient Insurance PJSC of UAE, has an ‘A’ rating from Standard & Poor’s along with an A(Excellent) from AM Best and provides Orient Insurance Sri Lanka with a sound financial backing and affinities with the world’s leading reinsurers. Orient Insurance Sri Lanka and Orient Insurance UAE are members of the prestigious Al-Futtaim Group based in Dubai, UAE. Al-Futtaim Group operates through more than 65 companies in sectors as diverse as Commerce, Industry and Services and employs in excess of 20,000 people across UAE, Bahrain, Kuwait, Qatar, Oman, Saudi Arabia, Egypt, Syria, Pakistan, Sri Lanka, Singapore, Malaysia and Europe.

Al-Futtaim Group also owns Associated Motorways (AMW) Group of companies, a pioneer automobile supplier in the Sri Lankan market.