Allianz takes over Janashakthi’s general insurance unit
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Allianz has entered into an agreement (see picture) with Janashakthi Insurance PLC to acquire 100 per cent of its subsidiary, Janashakthi General Insurance Ltd. (See story on Page 1). From left: Ajith Fernando – Managing Director, Capital Alliance Partners Ltd; Prakash Schaffter – Managing Director, Janashakthi Insurance Plc; Chandra Schaffter – Founder, Janashakthi Group; Husein Esufally – Chairman, Janashakthi Insurance Plc; Julie Kuik- Regional Head of Corporate Development, Allianz Asia Pacific; Zakri Khir – Member, Allianz Asia Executive Board; Surekha Alles – Managing Director, Allianz Insurance Lanka Ltd and Alan Smee, Regional Head of Property & Casualty Insurance, Allianz Asia Pacific.