LOLC General Insurance | Board of directors

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OUR BOARD OF DIRECTORS

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The Board of Directors comprises directors with extensive experience and varied financial, management and entrepreneurial skills as this facilitates understanding of the micro and macro economy in which the Company and the Group operate, and also of the several industries into which the Company and Group are diversifying.

Mr. K A K P Gunawardena
(Chairman)
Mr. K A K P Gunawardena

Mr. Gunawardena joined LOLC in 2004 and counts over 30 years of experience as a Lawyer. He has held a number of important positions in the State, including the office of State Counsel attached to the Attorney General's Department, the Office of Director - Legal & Enforcement of the Securities and Exchange Commission of Sri Lanka and the Insurance Board of Sri Lanka, and was involved in setting up the Consumer Affairs Authority as its first Director General. He serves on the Boards of Hatton National Bank & Gal Oya Plantations Ltd, as well as a number of local and overseas subsidiaries within the LOLC Group as given below:

Non-Executive Chairman
LOLC Corporate Services Pvt Ltd
Gal Oya Holdings (Pvt) Ltd

Non-Executive Director
Diriya Investments (Pvt) Ltd
Browns Engineering and Construction (Pvt) Ltd
LOLC Securities Ltd
LOLC Motors Ltd
Ceylon Real Estate Holdings (Pvt) Ltd
Colombo Marina Development (Pvt) Ltd
Marina Hotel Holdings (Pvt) Ltd
Maturata Plantations Ltd
Grey Reach Investment Ltd
Browns Holdings Ltd
Iconic Trust (Pvt) Ltd
NPH Investment (Pvt) Ltd
Bodufaru Beach Resorts (Pvt) Ltd

Mrs. K U Amarasinghe
(Director)
Mrs. K U Amarasinghe

Mrs. Kalsha Amarasinghe holds an Honours Degree in Economics and has an outstanding vision for investments.

Mrs. Amarasinghe serves on the Boards and subsidiaries of LOLC Holdings PLC and Brown & Company PLC including LOLC General Insurance Limited, Palm Garden Hotels PLC, Eden Hotel Lanka PLC, Browns Investments PLC, Serendib Hotels PLC, Hotel Sigiriya PLC, Dolphin Hotels PLC, Riverina Resorts (Pvt) Ltd, Green Paradise (Pvt) Ltd, P L Resorts Ltd, Browns Holdings Ltd, Sanctuary Resorts Lanka (Pvt) Ltd and Serendib Leisure Management Ltd.

She has extensive experience in financial management and corporate governance.

Ms. Sunjeevani Kotakadeniya
(Non-Executive Director)
Mrs. V G S S Kotakadeniya

Ms. Sunjeevani Kotakadeniya is a fellow member of Chartered Institute of Management Accountants (UK), Chartered Global Management Accountant (USA) and holds a Masters in Business Administration from the University of Colombo. A senior Finance professional with extensive experience in strategic Management and Financial management in several industries holding senior positions in the Financial services, Insurance, Leisure, Trading, Manufacturing, Construction, Agriculture and Plantations and IT services sectors. She is a catalyst in change management, restructures, mergers, acquisitions and project management, has taken leadership in strategic change, driving organisations to leading positions.

Ms. Kotakadeniya held the position of Chief Financial Officer, LOLC Group overseeing finance functions for the group locally and internationally from 2005 to June 2025 . Presently, she serves as a Director in several LOLC Group Companies including several regulated entities as follows – Seylan Bank PLC , LOLC General Insurance PLC, Sierra Cables PLC, Udapussellawa Plantations PLC, Hapugastenn Plantations PLC, Serendib Microinsurance PLC – Cambodia, LOLC Microfinance Bank Limited, Pakistan and Maturata Plantations Ltd.

Mr. W R A Dharmaratne
(Independent Director)
Mr. W R A  Dharmaratne

Apart from two years spent overseas in Postgraduate studies, Mr. W. R. A. Dharmaratne has an unbroken service record at the Central Bank of Sri Lanka ('CBSL') from 1990. While at the CBSL he worked in several different departments including Economic Research, Currency, Management Audit, Financial Sector Research, and Human Resources.

Mr. Dharmaratne holds an MA in Economics from the University of Essex, UK, a BA in Development Studies (Special) Statistics from the University of Sri Jayawardenapura, a Postgraduate Diploma in Economic Development from the University of Colombo, and a Postgraduate Diploma in Computer Technology from the University of Colombo.

Mr. Indrajith Wijesiriwardana
(Independent Director)
Mr. Indrajith Wijesiriwardana

Mr. Indrajith Wijesiriwardana is an international expert in Banking and Financial Services including credit guarantees and insurance. He has over three decades of global experience from over thirty countries, working primarily with international financing agencies, governments, and financial institutions. His key areas of experience include Microfinance and SME Finance (MSME) and Capacity Building addressing demand and supply side challenges and improving access to finance. Mr. Wijesiriwardana is skilled and experienced in policy development, strategy and business design, developing inclusive financial systems, developing capacity in financial institutions focusing on MSME, institutional transformations and product design, and process improvements. He is also involved in Human Resource development in the financial sectors, internationally.

He holds a Master of Business Administration (MBA) from the Post Graduate Institute of Management, the University of Sri Jayewardenepura, Colombo, and a Master of Arts (MA) in Economics degree from the University of Colombo, Colombo. He is also a Fellow Chartered Management Accountant (FCMA) of the Chartered Institute of Management Accountants (UK), a Chartered Global Management Accountant (CGMA) from the Association of International Professional Accountants (a joint venture of CIMA (UK) and AICPA (US)) and a Fellow Chartered Manager (FCMI) of the Chartered Institute of Management (UK). He has received skills training in Sustainable Finance, relating to Climate Change, Gender issues, and Renewable Energy.

Mr. Indrajith Wijesiriwardana serves as an Independent BOD member of LOLC (Cambodia) Plc with effect from 1st January 2015.

Mr. H A Karunaratne
(Independent Director)
Mr. H A Karunaratne

Mr. H A Karunaratne was attached to the Central Bank of Sri Lanka from 1986 and retired as a Deputy Governor - Financial System Stability in December 2020. He was appointed to the Board of LOLC General Insurance PLC on 20th October 2023.

He is currently serving as a member of the Board Risk-Oversight Committee of the Central Bank as well as a Member of the Investments Committee of Capital Alliance Investments Limited.

His academic qualifications include a BSc Business Administration - Second Class Upper Division and an MA in Economics from Ohio University, USA. He is also a Fellow Member of the Institute of Chartered Accountants, Sri Lanka, and has completed a number of modules of the Capital Market Financial Advisory Services Examination, Singapore. He also held a Representative’s Licence issued by the Monetary Authority, Singapore, while working in capital markets in Singapore.