Co-operative Insurance Company appoints Chairman and Vice Chairman to drive visionary transformation

Tuesday, 18 March 2025 00:56 - - {{hitsCtrl.values.hits}}

Co-operative Insurance Company PLC has announced the appointment of its new Chairman and Vice Chairman, marking a pivotal moment in its journey toward a visionary transformation. This leadership change is set to propel the company into a new era, focusing on a customer-centric approach to sustainable growth and the adoption of new technology to achieve operational excellence.

Jayantha Amarasinghe has officially been appointed as the Chairman of Co-operative Insurance Company PLC, having previously served as Acting Chairman. With extensive experience in both the cooperative sector and the broader insurance industry, Amarasinghe is well-positioned to lead the company through the evolving insurance landscape.

He was appointed to the board in 2022 as a representative of Wennapuwa MPCS, the major shareholder of Co-operative Insurance Company PLC, which holds a 13.13% ownership stake. His leadership is expected to drive the company toward continued success.

Additionally, Dayasumana Gamage has been appointed as the new Vice Chairman of Co-operative Insurance Company PLC. He joined the board as an independent non-executive director in November 2023. Prior to this role, he served as the Deputy Commissioner of the Co-operative Development Department of the Central Government. Gamage’s expertise and experience will be instrumental in developing the company’s captive business portfolio.

His leadership is expected to drive aggressive top-line growth in 2025 and beyond. His appointment is seen as a strategic decision by the board to align with the company’s long-term goals and expand its presence in the captive market.

These leadership changes represent a key milestone for Co-operative Insurance Company PLC, reinforcing its commitment to strengthening the team and advancing its strategic transformation under fresh leadership.

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