![[LIST] Gov't Deregisters 20 Insurance Brokers](https://africasnow.com/wp-content/uploads/2025/07/NEMA-56.jpg)
[LIST] Gov’t Deregisters 20 Insurance Brokers
The Insurance Regulatory Authority (IRA) has deregistered 20 insurance brokerage firms, preventing them from performing further business in the country.
In a notice issued Friday, July 18, the Authority stated that the delisted companies stopped to conduct insurance activities on June 30, this year.
The listed brokers include 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 are 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.
The authority also cancelled the registrations of Masumali Meghji Insurance Brokers Limited, Nexus Insurance Brokers Limited, Online Insurance Brokers Limited, Real Alliance Insurance Brokers Limited, Solian Insurance Brokers Limited, and Swinton Insurance Brokers Limited.
According to the Insurance Regulatory Authority (IRA), the brokerage businesses were deregistered under Section 196(A) of the Insurance Act.
Gazette Notice on Cancellation of Operational Licences for 20 Brokers:
— IRA Kenya (@ira_kenya) July 18, 2025
The Insurance Regulatory Authority (IRA) hereby notifies the public that licences of the following twenty (20) Insurance Brokers have been cancelled pursuant to Section 196(A) of the Insurance Act (Cap. 487). pic.twitter.com/YGN4iDPJ5C
The Act requires transparency and responsibility in the deregistration of insurance brokers.
The Act also requires an insurance organization to notify the Commissioner of Insurance anytime its registration is terminated, whether willingly or not.
However, in its notice, the Insurance Authority did not specify the major cause for the termination of the 20 insurance brokers’ working licenses.
“The Insurance Regulatory Authority (IRA) hereby notifies the public of the de-registration of twenty insurance brokers under Section 196 of the Insurance Act,” read part of the notice.
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“Under Section 196 of the Insurance Act, the insurance brokers whose names appear below have ceased transacting insurance business with effect from June 30, 2025,” the notice added.
Insurance brokers can be deregistered for a variety of reasons, the most common being noncompliance with the Insurance Act.
Other issues include a lack of money, mergers, or acquisitions.
Non-compliance can take the form of failing to pay premiums, failing to meet license renewal criteria, or failing to follow statutory obligations as defined by law.
[LIST] Gov’t Deregisters 20 Insurance Brokers
