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Resolution shareholders Linkham Services Ltd co-director Michael Cranfield said alongside his partner, Dominic Persad, they faced resistance in implementing the key in saving the firm.
Resolution Insurance could not find a fix to its own financial problems. On Monday, the company wished its customers a happy new week on Twitter - but it was not going to be.
Moroccan firm buys 51pc stake in Monarch Insurance Summary Moroccan conglomerate Holmarcom Group, through its holding company, Holmarcom Insurance Activities, has acquired a majority stake in Kenya’s Monarch Insurance. The firms said Monday the agreement which is subject to certain closing conditions, including regulatory approvals in Kenya is expected to see Holmarcom Insurance Activities become the majority shareholder of the company with a stake of 51 percent. Tuesday May 25 2021 Monarch Insurance Company board chairman Mr Richard Omwela (left) and chief executive Stephen Okundi. FILE PH...