Court appoints liquidator for troubled Xplico Insurance

Liquidation

Court found that the evidence adduced by IRA showed that Xplico cannot meet its financial obligations.

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A commercial disputes court has appointed Diana Nduku Mumo as an interim liquidator of financially distressed Xplico Insurance Company to oversee its winding-up.

Ms Mumo has been tasked with preserving the firm's assets, which will be used to pay debts owed to all creditors, including policyholders.

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