The Insurance Regulatory Authority (IRA) has deregistered 20 insurance brokerage firms, barring them from conducting any further business in the country.
In a notice dated Friday, July 18, the Authority announced that the delisted companies ceased to conduct insurance activities effective June 30, this year.
Among the listed brokers are African Continent Insurance Limited, Andalus Insurance Brokers Limited, Allied Insurance Brokers Limited, Alpha-Levits Insurance Brokers Limited, Arkchoice Insurance Brokers Limited, and Berkeley Insurance Brokers Limited.
Others include Bilan Insurance Brokers Limited, Blossom Insurance Brokers Limited, Fides Insurance Brokers Limited, Harbinger Insurance Brokers Limited, Homeland Insurance Brokers Limited, Ibsa Insurance Brokers Limited, and Khushal Insurance Brokers Limited.
