The Maldives subsidiary of Ceylinco Insurance PLC recently announced an interim dividend of 70% for its shareholders for the year 2009.
Commenting on the results, Ajith Gunawardena, Deputy Chairman of Ceylinco Insurance Co (Pvt) Ltd said that he was extremely pleased with the success. “Against a backdrop of worldwide recession that has seen companies struggle for survival, the outstanding results announced by Maldives Ceylinco Insurance Co reflects the company’s significant performance and commitment to customer satisfaction,” he said.
Mr. Gunawardena said, “The majority shares of the Maldives subsidiary is owned by Ceylinco Insurance PLC. Since inception, the company has been performing well with exceptional achievements on record. The company commenced operations when Ceylinco Insurance Co (Pvt) Ltd was granted registration by the Maldivian Trade Ministry to operate as an established company in the Republic of Maldives. With its Addu (Hitadaoo) branch, it became the first insurer in the Maldives to open a branch office. Today, it maintains one of the best run insurance companies in the islands”.