Business Daily | by Otiato Guguyu
Resolution Insurance collapsed with over Sh6.5 billion in client cash, insurance claims, and creditor funds after its shareholders failed to recapitalise the business.
The Insurance Regulatory Authority (IRA) said the insurer had collected Sh4.1 billion in premiums from policyholders out of which 90 percent were medical customers.
The firm also owed creditors and had claims from the insurance business totalling Sh2.5 billion, an indication of…
