The Insurance Regulatory Authority (IRA) has sought the High Court’s permission to liquidate Blueshield Insurance, sparking a fresh war with the collapsed firm’s shareholders and police.
Acting Commissioner of Insurance Godfrey Kiptum in a court application says Blueshield’s shareholders have since 2014 failed to honour agreements to pump over Sh950 million into the collapsed firm as part of a revival plan leaving the regulator with no option but to pursue liquidation.
