Insurance
Carsons is a joint founding shareholder of Union
Assurance a leading private sector insurance provider
in Sri Lanka. Union Assurance commenced operations in 1987
and offers both general and life insurance. UAL currently
has a market share of 9.6% and 7.6 % in life and general insurance
segments respectively.
Unit Trust
The Unit Trust Management Company (Pvt) Limited is a fund
management company which is jointly owned by Carsons (22%
stake), Unit Trust of India, the Bank of Ceylon and HSBC Asset
Management - Hong Kong. The Company manages Ceybank Unit
Trust and the Century Growth Fund. Both are primarily equity-based
mutual funds, which invest in Sri Lanka stocks. UTMCL has
a fund base amounting to Rs. 2.5 billion.
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