May 07, Colombo: Sri Lanka Insurance, the industry giant is in the process of streamlining its business operation and has appointed two Chief Executive Officers to focus on its Life and General Insurance business segments.

Suren Galagoda takes office as Chief Executive Officer- General and Suresh Paranavithana takes over as Chief Executive Officer of Life section. This strategic move will allow greater concentration and focus on the needs of these two segments.

Galagoda is a member of the Institute of the Motor Industry UK and a Fellow member of the Institute of automobile Engineers Sri Lanka. He commenced his career in 1981 at Forbes and Walker Ltd. and moved on to Stassen Export Ltd. in 1990 and Shell Gas Lanka Ltd. in 1998 where he gained insights in to international safety standards and measures before pursuing his career overseas in 2000 – 2004 at prestigious Almarai Company in Saudi Arabia where he further specialized in health and safety measures by completing the world renowned IOSH and NEBOSH health and safety course. In 2004 he joined the Sri Lanka Insurance team as a consultant (Motor) and commenced his work as a Chief Operating Officer (Technical). In 2006 he launched the company’s first branded motor insurance product “Formula Plus” and is also the mastermind behind the country’s first and only state-of-the-art collision repair centre Formula World which revolutionized the motor repair industry in Sri Lanka and even at present remains unmatched in quality and service expertise to any other.