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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 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 ...
Chandra Thomas Adolphus Schaffter (born 3 April 1930) is a Sri Lankan businessman and former cricket administrator. He played first-class cricket for Ceylon in the 1950s, and founded Sri Lanka's first major Sri Lankan-owned life insurance company, Janashakthi, in 1994.
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Union Assurance PLC is an insurance company in Sri Lanka. Union Assurance was founded in 1987 and was listed on the Colombo Stock Exchange in the following year. In 2009, John Keells Holdings acquired a controlling stake in the company. The company divested its general insurance business to Fairfirst Insurance and
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In July 2021, he joined the board of Janashakthi Insurance PLC after accepting an invitation and it also marked the first instance for Mahela to have joined a listed company. [89] He was appointed as the non executive/independent director of Janashakthi Insurance.
In the United States, a more-detailed version of the report, called a Form 10-K, is submitted to the U.S. Securities and Exchange Commission. [2] A publicly held company may also issue a much more limited version of an annual report, which is known as a "wrap report." A wrap report is a Form 10-K with an annual report cover wrapped around it. [3]