ECONOMYNEXT - Sri Lanka's Asian Alliance Insurance PLC is to change its name to Softlogic Life Insurance PLC following the Softlogic Holdings group’s deal to sell its general insurance unit to Canada-based FairFAx Financial group.
Asian Alliance Insurance said in a stock exchange filing that it has called for an extraordinary general meeting on 11 October 2016 to approve the change of name.
Softlogic Group retained the fast-growing life business of Asian Alliance when it entered into an agreement with FairFAx Financial group to sell the general insurance unit of Asian Alliance Insurance.
Asian Alliance Insurance said in a stock exchange filing that it has called for an extraordinary general meeting on 11 October 2016 to approve the change of name.
Softlogic Group retained the fast-growing life business of Asian Alliance when it entered into an agreement with FairFAx Financial group to sell the general insurance unit of Asian Alliance Insurance.
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