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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

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… ....

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Insurance regulator cancels licenses of two firms

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

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Crypto lender Cred collapsed in 2020 after pulling in $135 million from customers. Its shady dealings foreshadowed FTX's downfall—but regulators didn't notice

Cred and its successor Earnity have been accused of using many sloppy tactics from the Sam Bankman-Fried playbook. ....

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Bog: it's Not currently possible, the compensation of the members of the Enterprise â€" What to do

Bog: it's Not currently possible, the compensation of the members of the Enterprise â€" What to do
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Frederick White , Enterprise Insurance Company Plc , Provisional Liquidator ,

Post office liquidation will weaken its case against couriers

Local e-commerce players believe SAPO’s possible bankruptcy will work in their favour in its court bid to block courier companies from distributing small items. ....

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