By JAMES KARIUKIMore by this AuthorTwenty-year old Africa Merchant Assurance Company (Amaco) risks closing its doors after seven people filed a petition at the High Court seeking its liquidation. In a Kenya Gazette notice dated December 16, law firm B.W. From the gazette notice, the reason behind the petitioners' move to liquidate the firm was not immediately clear. AdvertisementCUSTOMER COMPLAINTSAccording to a recent Insurance Regulatory Authority’s (IRA) report, Amaco - along with Invesco Assurance - closed the year with the highest cases of customer complaints due to delayed settlement. Amaco controls a 1.69 percent share of the insurance market.

Source: Daily Nation December 30, 2019 09:22 UTC