NAIROBI, KENYA: Shareholders of Kenya Reinsurance and ScanGroup will have to wait longer to know the financial health of the firms, which have announced they will delay the release of last year's results. In newspaper notices, both Kenya Reinsurance and Scangroup, say they will release the results by end of May. The firms join Crown Paints, which also alerted shareholders and investors to expect the results before June 15 of this year. Scangroup, which suspended its Chief Executive Officer Bharat Thakrar and the Chief Finance Officer Satyabrata Das in February, said ongoing investigations into the conduct of the two delayed the release of the audited results. “The delay in the release of last year financial results is to ensure regulatory compliance in reserving for both unearned premiums and claims by the Corporation.

Source: Standard Digital May 11, 2021 12:00 UTC