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LOLC Insurance makes strategic leadership appointments

Daily FT

October 03, 2025

LOLC Insurance yesterday announced two key leadership appointments aimed at driving sustainable growth, strengthening governance, and enhancing operational excellence across its companies, LOLC Life Assurance Ltd. and LOLC General Insurance PLC.

It said the appointments mark a new chapter for both companies, bringing a fresh leadership perspective and renewed energy to their strategic direction.

Chandana L. Aluthgama has been appointed Executive Director and Principal Officer of LOLC Life Assurance Ltd. and Director of LOLC General Insurance PLC, while Kithsiri Gunawardena has been appointed Director of LOLC Life Assurance Ltd., further to his role as Chairman of LOLC General Insurance PLC. With this experienced leadership, LOLC Insurance reinforces its strategic vision and readiness to drive continued success in the Sri Lankan insurance industry.

With over 33 years of experience in life and general insurance, Aluthgama brings extensive expertise in leadership, corporate governance, and talent development. He has held senior positions at prominent organisations, including Eagle Insurance PLC (Zurich Financial Services Group), HNB Assurance PLC, and HNB General Insurance Ltd.

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