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Head of Financial Lines

Kasun Jayasinghe

Head of Financial Lines

Biography

Kasun entered the insurance industry while an undergraduate, and successfully completed his business economics degree with sponsorship from a large international loss adjusting firm. Having spent his early years honing skills in commercial property and business interruption, Kasun moved into the financial lines class to specialise in a field closer to his academic background.

Having spent the past six years handling international assignments on a home foreign basis, Kasun joined McLarens in 2020 to drive the development of our financial lines offering globally; a proficient adjuster specialising in FI and FI/PI (including bankers blanket bonds and its companion computer crime cover), Commercial Crime and Fidelity Guarantee.

NOTABLE ASSIGNMENTS

  • Sweden, Telecommunications Company – SEK 5.6m – Social Engineering Fraud – Exploitation of deficiencies between an ecommerce platform and a third-party mobile application to steal in excess of one thousand mobile devices
  • Canada, Fintech Company – CAD 1.3m – Employee Fraud – Abuse of administrator level access to operating fund of digital wallets
  • UK, Commercial Bank – USD 1.9m – Third Party Fraud: Fake President/CEO – Email spoofing scam
  • Lebanon, Commercial Bank – USD 650k – Employee Fraud – Banking failures contributing to the performance of the fraud and potential impairment of (re)insurers’ subrogation rights through the actions of the Insured
  • UK, Restaurant/Bar Businesses – GBP 660k – Employee Fraud – Manipulation of payroll tax records; convoluted group company structure for policy purposes (i.e. named
  • UAE, Commercial Bank – USD 2.5m – Employee Fraud/Forged Documents – Loan loss involving third parties with an absence of evidence of employee dishonesty and improper financial gain
  • China (subsidiary of UK parent company), Engineering & Manufacturing Company – USD 7.2m – Alleged Employee Fraud – False accounting practices of senior manager giving rise to tax liabilities and alleged fraudulent expenses, misappropriation of inventory and excessive business-use-vehicle lease contracts
  • UK, Life Insurance Company – GBP 470k – Computer Crime – Dishonest practices of an Insurance intermediary
  • UK, FX Broker – EUR 1.3m – Crime/Professional Indemnity – Advanced loan fee fraud

Office Address / Contact Information

Forum House
15-18 Lime Street
London
EC3M 7AN
United Kingdom
Local Time: 08:48 pm
Local Date: 01 August, 2021

Qualifications

Business Economics, BA (Hons)

Additional Expertise

Financial Lines, Financial Institutions, Commercial Crime, Fidelity Guarantee, Bankers Blanket Bonds & Computer Crime

Adjuster Experience

15 years 2006