Ex-CBSL Deputy Governor joins LOLC General Insurance Board

H.A. Karunaratne

Central Bank Former Deputy Governor H.A. Karunaratne has been appointed to the Board of LOLC General Insurance PLC as a Non-Executive Independent Director.

He was attached to the Central Bank of Sri Lanka from 1986 and retired as a Deputy Governor-Financial System Stability in December 2020. He is currently serving as a member of the Board Risk-Oversight Committee of the Central Bank as well as a member of Investments Committee of Capital Alliance Investments Ltd. 

Karunaratne’s academic qualifications include a BSc Business Administration – Second Class Upper Division and a MA in Economics from the Ohio University USA. He is also a fellow member of the Institute of Chartered Accountants Sri Lanka, and completed a number of modules of the Capital Market Financial Advisory Services Examination, Singapore and held representative’s licence issued by the Monetary Authority, Singapore while working in capital markets in Singapore.

With the latest appointment, the Board of Directors of LOLC General Insurance PLC comprises Chairman W.D.K. Jayawardena, Director/CEO K.A.K.P. Gunawardena, V.G.S.S. Kotakadeniya, W.R.A. Dharmaratne, I. Wijewardana and H.A. Karunaratane.