The nationalisation of the Sri Lankan life insurance industry in the 1960s prompted many insurers to withdraw from the country. Aviva re-entered Sri Lanka in 2006, and the group has a strong presence in the country today.
On January 11, the Northern Assurance Company, later part of the Commercial Union Assurance Company, appoints Charles Shand & Co agent for Colombo. A week later the company appoints Alexander Brown agent for Kandy.
In May, the Northern appoints W B R Wyllie agent for Kandy.
Commercial Union appoints Wilson Ritchie & Co agent for Colombo. The North British & Mercantile Insurance Company, later part of Commercial Union, is operating in Ceylon (Sri Lanka).
In October, the Northern re-appoints Alexander Brown agent for Kandy.
In May, Commercial Union appoints Fowlie, Richmond & Co agent for Ceylon.
In June, the Northern appoints J M Robertson & Co agent for Colombo. In November, Commercial Union commences fire and marine business in Colombo through agent Hedges & Co, who will still be representing the company nearly 90 years later.
In November, the Norwich Union Fire Insurance Society appoints Leechman & Co agent for Colombo. The Northern is operating through Helmer & Co agent in Colombo.
The Scottish Union and National Insurance Company, later part of Norwich Union Fire, appoints Messrs William, Law & Co as agent for Colombo.
In June, the Northern appoints Robinson & Dunlop agent for Colombo.
In March, the Northern appoints Darley, Butler & Company as agent for Colombo. The National Marine Insurance Association, later part of Commercial Union, is operating through agents in Colombo.
Scottish Union and National appoints Charles Gouldson Ltd as agent.
In July, the Northern appoints Volkart Bros agent for Galle.
The Palatine Insurance Company, later part of Commercial Union, is operating in Ceylon. The South British Insurance Company, later part of the General Accident Fire and Life Assurance Corporation, appoints Bathgate Pim & Co agent for Colombo.
The Economic Fire Office, later part of Commercial Union, has by this time developed good fire insurance business in the tea estates of Ceylon.
Scottish Union and National appoints Messrs Gordon Frazer & Co agent for Colombo.
Commercial Union begins to transact accident insurance in Ceylon. The company’s marine agent, the Ceylon Trading Company, are based at 12 Queen Street, Colombo.
General Accident opens an agency in Colombo.
By this date, the Union Assurance Society (No.1), later part of Commercial Union, has established operations in Ceylon.
On November 14, the Norwich Union Life Insurance Society appoints W & A Graham & Co of Queen Street as agent for Colombo, in addition to Leechman & Co Ltd.
The Red Cross Indemnity Association, later part of Commercial Union, is issuing motor insurance policies “for Humber Cars in Australia and Ceylon” by this date.
On December 16, Commercial Union appoints the Galle Trading Co as agent for Galle. The agency is charged with transacting fire, accident, burglary and plate glass insurance.
Commercial Union appoints G H Elliott as agent for Colombo.
The Employers’ Liability Assurance Corporation, later part of Commercial Union, is operating in Ceylon.
Norwich Union Life is now operating at 54 Chatham Street, Colombo. Commercial Union is still represented by Lee, Hedges & Co in Colombo.
The National Guarantee and Suretyship Insurance Company Ltd, later part of Commercial Union, is operating in Ceylon.
General Accident opens a branch in Ceylon.
Scottish Union and National appoints Gordon Fraser & Co agents for Colombo.
Scottish Union and National appoints Messrs Salgado & Sons agent for Colombo.
Scottish Union and National appoints Amarasuria & Son as agent. Norwich Union Life and Norwich Union Fire are both represented by Messrs Grahams.
Norwich Union Life and Norwich Union Fire are now represented by Messrs Leechman & Co.
North British & Mercantile appoints A T Monant manager for Colombo.
Life insurance in Ceylon is nationalised prompting Norwich Union Life to withdraw from the country.
Commercial Union is still operating in Ceylon through Shaw, Wallace & Hedges, formerly Lee, Hedges & Co.
Norwich Union Fire and Scottish Union and National both withdraw from Ceylon.
The Eagle Insurance Company Ltd begins operations in Sri Lanka as the CTC Eagle Insurance Company.
On February 1, Aviva takes a majority stake in Eagle Insurance. Eagle Insurance’s new bancassurance partner, NDB, holds the principal minority share.