African Alliance Insurance has sued NAICOM, alleging unlawful board dissolution and bad faith interference in its turnaround plan, seeking to nullify the action and prevent asset disposal by the interim management.
Policyholders urge NAICOM to take over African Alliance Insurance Plc due to delayed pension and insurance payments, calling for swift regulatory intervention to restore confidence and protect the insurance industry’s reputation.
Enter your email address to subscribe to this blog and receive notifications of new Insurance News Beat by email.
