Prime

Invesco Assurance placed under statutory management

Commissioner of Insurance Godfrey Kiptum.

By  Peter Mburu

Business Reporter

Nation Media Group

The Insurance Regulatory Authority (IRA) has placed Invesco Assurance Company Limited under statutory management, citing unmet financial obligations.

The regulator said the Policyholders Compensation Fund (PCF) has taken over the management and operations of Invesco Assurance Company Limited.

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