Insurance broker ordered to pay Monarch Sh49m in premium dispute
Nairobi, July 20 -- The High Court has ordered Disney Insurance Brokers to pay Monarch Insurance Sh49.3 million in unremitted insurance premiums collected from clients between 2014 and 2020.
Justice Freda Mugambi ruled that the broker failed to prove several insurance policies had been validly cancelled after customers defaulted on premium payments or that Monarch had been notified of the cancellations.
The dispute centred on the authenticity of cancellation notices, with both parties presenting forensic document examiners to analyse receipt stamps appearing on the disputed documents.
Monarch's expert, Anthony Ngige of Stealth Africa, testified that the stamp impressions differed from the insurer's genuine office stamps used during the...
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