Insurance Regulatory Authority Chief Executive Officer Godfrey Kiptum before National Assembly Departmental Committee on Finance and National Planning at Parliament Buildings Nairobi on August 31, 2023.
The Insurance Regulatory Authority (IRA) has rejected a demand by businessman Samuel Kamau Macharia (SK Macharia) for changes to the shareholding and ownership of Directline Assurance Company.
IRA chief executive officer Godfrey Kiptum said the regulator has no powers to change the list of shareholders on Directline’s official business registration documents (CR12) and referred Mr Macharia to the Registrar of Companies.
