Co-operative Insurance Company PLC announced the appointment of Mr. Udaya Kumara to the board of company as executive director/managing director with effect from June 15, 2022, subject to obtaining the approval of the Insurance Regulatory Commission of Sri Lanka therefor. The company announced the appointment of Mr. Marknes Widanagamage to the board of the company as a non-executive director with effect from June 15, 2022. Appointment of Mr. A A Jayantha Amarasinghe to the board of company as non-executive director with effect from June 15, 2022.

Appointment of Mr. T B Hemantha Kumara to the board of company as independent/non-executive director with effect from June 15, 2022. Mr. K R W Ranasinghe (professional director in accordance with the articles of association of the company) ceases to be director of the company with effect from June 15, 2022 in terms of Article 74 of the AOA of the company, which states that a professional director shall hold office for a period of one year and be re-appointed at the discretion of the board.