Statutory Manager News Today

Monday, December 11, 2023 - Several Kenyans are expected to lose millions of shillings after the Insurance Regulatory Authority (IRA) placed Invesco and Xplico insurances under liquidation. IRA in a notice directed policyholders with covers offered by the two firms in liquidation to seek alternative covers from licensed insurers. IRA placed Xplico Insurance Company Limited under…

Two insurance firms operating in Kenya have been prohibited from issuing new insurance contracts with immediate effect.

The Scottish Housing Regulator (SHR) has today published a report on Lessons Learned on the effective recording of decisions and discussions by governing bodies of Registered Social Landlords (RSLs).

The Bank of Tanzania (BoT) has announced that has put Yetu Microfinance Bank, the Dar es Salaam Stock Exchange (DSE) listed, under statutory administration.

It is not raining but pouring for Bluthorn Fund Managers (BFM) as the latest revelations from the liquidator paints a picture of a non-compliant company that deviated from its core mandate to swindle various entities money and enrich its shareholders.

The Directorate of Intelligence and Security (DIS)’s role in the controversial acquisition of Tautona Lodge by the government has raised eyebrows.

Abednego Tafa, a High Court judge, has ordered the state to return former Intelligence Services Director General Isaac Kgosi's firearms and ammunition.

The Minister of local government and rural development, Kgotla Autlwetse, says he is not perturbed about two unoccupied seats at Ntlo ya dikgosi in which both Bakgatla and Bangwato are not represented at the house respectively.

The Master of the High Court has subpoenaed former Minister Vincent Seretse, former Kweneng District Council Chairman Jeffery Sibisibi, and others over the

Since 2005, insurance companies and policyholders have collected Sh15 billion under the Policyholders Compensation Fund (PCF) to be utilised whenever an insurance company collapses.