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ICRA Lanka revised its credit rating of Janashakthi Limited, the parent of Janashakthi Insurance to [SL]BB+ in 2022. The credit outlook was adjudged as negative. Janashakthi Limited holds 74% of the ownership of Janashakthi Insurance. Janashakthi Insurance is the seventh largest life insurance company in the country with 4% of the market share ...
In 1994 Schaffter singlehandedly set up the Janashakthi insurance company. In 2001 and 2002 Janashakthi bought out the National Insurance Corporation. He worked to improve road safety in Colombo , and after the 2004 tsunami he championed the highest payout of any insurer in Sri Lanka, beyond the payment of sums assured, considerably in excess ...
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A former TD Bank employee based in Florida was arrested and charged with facilitating money laundering to Colombia, New Jersey's attorney general said on Wednesday, in the first such arrest since ...
Social Security is the U.S. government's biggest program; as of June 30, 2024, about 67.9 million people, or one in five Americans, collected Social Security benefits. This year, we're seeing a...
In 2018, Prakash Schaffter spearheaded the divestment project of Janashakthi's non-life segment, and in the same year, took on the position of Chairman of Janashakthi Insurance PLC. As a former President of the Insurance Association of Sri Lanka , [ 7 ] [ 8 ] Prakash led discussions on regulatory changes, including the separation of Life and ...