Court to settle Resolution Insurance shareholder row
Linkham Services Limited has been ordered to enter an appearance and defend itself in court.
Source: businessdailyafrica.com
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Court case reveals failed takeover of Resolution by Xplico director
The Insurance Regulatory Authority (IRA) stopped the Resolution deal, which in principle looked like an indirect takeover by Xplico owners, without offering reasons.
Source: businessdailyafrica.com
Shareholder row, fights for millions rock Resolution
Resolution founder Peter Nduati accuses the majority shareholder, Linkham Services Ltd, and its associates of breaching a share purchase deal blamed for the collapse of the insurer.
Source: businessdailyafrica.com
Resolution collapses with Sh6.6bn clients' money
IRA said the insurer had collected Sh4.1 billion in premiums from policyholders out of which 90 percent were medical customers.
Source: businessdailyafrica.com