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Businesses continue to close as INVESCO and XPLICO Insurance companies are put under liquidation – Kenyans to lose money thanks to RUTO - Vimarsana News

Businesses continue to close as INVESCO and XPLICO Insurance companies are put under liquidation – Kenyans to lose money thanks to RUTO

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…

Insurance regulator cancels licenses of two firms - Vimarsana News

Insurance regulator cancels licenses of two firms

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

Source: kbc.co.ke
SHR publishes lessons learned on effective recording of decisions and discussions by RSL governing bodies - Vimarsana News

SHR publishes lessons learned on effective recording of decisions and discussions by RSL governing bodies

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).

Yetu Microfinance put under its BoT administration - Vimarsana News

Yetu Microfinance put under its BoT administration

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

Bluthorn milked Councils, Unions of millions of pula - Vimarsana News

Bluthorn milked Councils, Unions of millions of pula

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.