News Non-Life29 Apr 2019

Sri Lanka:Bombed Shangri-La hotel in Colombo receives $1m advance pay-out

Shangri-La Hotel Colombo

Following the deadly Easter Sunday terror attacks in Colombo, major Sri Lankan life and general insurer Ceylinco General Insurance together with Chubb USA has paid an advance of $1m to Shangri-La Hotel Colombo last Thursday after an initial inspection was carried out on 22 April. The sum will be used to start repairs and was arranged even before finalising the initial investigation report, according to local publication The Sunday Observer. A loss adjuster appointed by Ceylinco General Insurance's reinsurer will execute further assessments of the damage to the hotel.

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