MBSL Insurance Company


Board of Directors

D. P. K. Gunasekera


A veteran banker, former General Manager of Bank of Ceylon, D. P. K. Gunasekera, was appointed as the Chairman of MBSL Insurance Company Limited.

Gunasekera had previously held key positions at BOC including Senior Deputy General Manager (International, Treasury and Investment), Deputy General Manager (Corporate & Offshore Banking), Assistant General Manager (Overseas Branches), plus the role of Assistant General Manager (Corporate Relations) beginning October, 2010. Further, he was the Head of Treasury Operations in the BOC Chennai Branch during the period of 2000-2003 and he also worked as the Deputy Country Head of BOC Chennai Branch During 2008-2011.

Parallelly, he holds international experience as well, receiving exposure across a wide range of operational aspects at Bank of Ceylon UK Ltd., London, while also undergoing specialized training in foreign exchange trading at both American Express Bank London and Lloyds Bank London.

Gunasekera also functioned as the director of several other Bank of Ceylon subsidiaries and associate companies.

Having graduated from the University of Sri Jayewardenepura, Sri Lanka, with a Bachelor of Science Special Degree in Business Administration, he also possesses a Post Graduate Diploma in Business and Finance Administration from the Institute of Chartered Accountants of Sri Lanka and an MBA from the University of Southern Queensland, Australia. He has participated in the “Management Development Programme” conducted by the PIM and he is also an Associate Member of the Institute of Bankers of Sri Lanka.

Lalith Fernando


MSLIM, EDBA (Colombo), CII Award (UK), MCPM, Certified Professional Marketer – CPM (Asia), Practicing Marketer (SL)

Lalith brings excellence in Overall Operations to the Company with over 30 years of expertise in the Insurance Industry. He is considered an expert in Marketing, Distribution and Operations specialising in both Life and General Insurance.

Lalith served as the Managing Director/ Chief Executive Officer of MBSL Insurance from April 2019 to April 2022. Currently, he functions as the Executive Director of United Capital Holdings which is the second-largest shareholder of MBSL Insurance. He has extended his wide spectrum of experience in Capitalife Assurance Limited as the Chief Operating Officer, Asian Alliance Insurance PLC, HNB Assurance PLC, Eagle Insurance PLC and Ceylinco Insurance PLC. His qualifications and extensive training both locally and internationally (UK, Japan, Dubai, Sweden and Malaysia) will lay out a strong foundation for the Company.

He was conferred as a Certified Professional Marketer by the Asia Marketing Federation (AMF) and as a Practicing Marketer (SL) by SLIM. Lalith holds an Executive Diploma in Business Administration from the Faculty of Management & Finance, University of Colombo, and is certified as a Certified CSR Practitioner by the Faculty of Arts, University of Colombo. Further, he is a Member of the Institute of Chartered Professional Managers and a Member of the Sri Lanka Institute of Marketing.

Dammika Hapuhinna


Dammika Hapuhinna is a Leasing and Banking professional with over 29 years of progressive experience in leasing & banking industries. He started his banking career at Seylan Bank PLC. In 2005 he moved to non-banking financial sector in the Kingdom of Saudi Arabia where he joined Saudi ORIX Leasing Company, the first specialized leasing company in Saudi Arabia and the first non-bank financial institution in the Kingdom.

He played a key role in promoting lease financing in the Kingdom of Saudi Arabia. He was also a pioneering member of the Nations Trust Banks In-Store Banking concept. He holds a Master of Business Administration from University of Wales and an Executive Diploma in Business Administration from University of Colombo.

He has held several leadership positions in leading finance companies in the Kingdom of Saudi Arabia. He was also the architect instrumental for setting up a new finance company from ground up as their Head of Operations.

With his experience in banking and finance companies, he has gained exposure and expertise in Retail banking, Credit Banking operations, Lease financing, Consumer Finance, Real Estate Finance, Leasing operations, Receivable management, Product development, Risk management & Consumer protection.

Purna Kandanaarachchi


Purna serves as the Head of Finance of Merchant Bank of Sri Lanka. He counts over 19 years’ of experience in the fields of finance, auditing and accounting. He is an Associate member of The Institute of the Chartered Accountants of Sri Lanka. He also serves as a Non–Executive Director on the Boards of MBSL Insurance Company Limited, subsidiary of the Company and Mega Containers Limited, where the company holds an equity stake.

Sunil Fernando


Sunil is a well-established business professional possessing over 30 years of experience in auditing, book keeping, accounting and managing companies with a proven track record in achieving set objectives and goals and the ability to lead and perform in a highly challenging environment. He is a Fellow of International Association of Book-keepers - FIAB (UK).

Sunil is presently functioning as the Managing Director of WSR Fernando & Company (Pvt) Limited (A Transportation and Construction Company) and of WSR Shipping & Logistics (Pvt) Ltd. He has worked as an Accountant at Computer Information Systems (PTE) Limited during the period 1990 – 1995 and also functioned as a Director at SDC Trade Combine (Pvt) Limited.

He has been awarded with “Viyaparawedi Nipun Samaja Subasadhana Deshamanya” in 2011 (a title awarded at National Level by the Buddhist Chief Prelates of the three Chapters - Ven. Mahanayaka Theros) for the Entrepreneurship and for social activities performed for the benefit of the General Mass of the Country. He has also been awarded with “Vishvakeerthi Sri Janaranjana” in 2014 (This title was awarded by the Most Ven. Udugama Sri Buddharakkhitha, the chief prelate of Asgiriya chapter ) for social activities, Entrepreneurship and for Self Development, organized by the ‘Sri Lanka Daham Sisila Foundation’. Further, he received the “MASSCO-2015” Gold Award for the Best Performer in the field of Transport awarded by Lanka Mass Communicators Associates.

Dineshiya Liyanage


MBA (Col.), B.Sc. Mgt. (Public) (SJP), ACA

Dineshiya Liyanage counts over 20 years of experience in the corporate sector. She has held Senior Financial Management positions in multiple organizations.

She is currently the Chief Operating Officer of WSR Fernando & Co (Pvt) Ltd and previously worked at Van Rees Ceylon Ltd as the Head of Finance. She has also worked at Coats Thread Exports (Pvt) Ltd and the Sri Lanka Red Cross Society. Dineshiya commenced her career at PricewaterhouseCoopers.

Ms. Liyanage holds an MBA from the University of Colombo and a BSc. in Management (Public) Degree from the University of Sri Jayewardenepura. She is also an Associate Member of the Institute of Chartered Accountants of Sri Lanka.

Date of incorporation

MBSL Insurance Company Limited is a Public Limited Liability Company incorporated on 24th September 2004 under the Companies Act No. 17 of 1982 in Sri Lanka. The Company was re-registered under the Companies Act No. 7 of 2007.

MBSL Insurance Company Limited

519, T.B. Jayah Mawatha,
Colombo 10.

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