Assetline Insurance Brokers secures Reinsurance Licence
View(s):Assetline Insurance Brokers (Pvt) Ltd (AIBL), a subsidiary of the David Pieris Group, has further strengthened its market position following the award of the Reinsurance Broking Licence by the Insurance Regulatory Commission of Sri Lanka (IRCSL). Backed by the financial strength, governance framework and institutional credibility of the David Pieris Group, this milestone marks a significant step in AIBL’s continued evolution as a full-service insurance and risk solutions provider in Sri Lanka, the company said in a media release.
With this authorisation, AIBL is now permitted to handle both insurance and reinsurance placements. This expanded capability enhances the company’s ability to support insurers and corporate clients with end-to-end risk transfer solutions in an increasingly sophisticated and complex risk environment.
As the insurance arm of the David Pieris Group, AIBL combines strong institutional backing with deep local market expertise. For more than 20 years, AIBL’s integrated approach brings together insurance broking, reinsurance placements and risk advisory services on a single platform, enabling clients to receive more coordinated, strategic and technically sound risk support.
The addition of reinsurance broking allows the company to independently design and place treaty and facultative programmes, thereby improving access to international reinsurance capacity for local insurers and large-scale businesses.
Commenting on this milestone, Nihal Handunge, Managing Director, CEO & Principal Officer, AIBL said; “The licence enables AIBL to deliver technically robust and commercially efficient solutions while maintaining strong regulatory compliance. By leveraging relationships with leading global and regional reinsurers, the company aims to help clients manage high-value and complex risks with greater confidence, resilience and stability.”
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