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Insurance broker ordered to pay Monarch Sh49m in premium dispute
Monarch sued Disney in 2021, claiming the broker had failed to remit Sh58.3 million collected on its behalf despite repeated demands and written acknowledgements of debt.
The High Court has ordered Disney Insurance Brokers to pay Monarch Insurance Sh49.3 million in unremitted insurance premiums collected from clients between 2014 and 2020.
Justice Freda Mugambi ruled that the broker failed to prove several insurance policies had been validly cancelled after customers defaulted on premium payments or that Monarch had been notified of the cancellations.
