Tanzania, Aug. 15 -- Dar es Salaam. The High Court's Commercial Division in Dar es Salaam has appointed lawyer Daniel B. Welwel as interim liquidator of Insurance Group of Tanzania Limited, amid claims that the company owes about Sh12.5 billion.

The appointment followed an application by the Commissioner of Insurance and the Attorney General, who asked the court to urgently appoint an interim liquidator pending the hearing of a substantive liquidation case scheduled for September 9, 2026.

Justice Khadija Kinyaka made the ruling on August 13, 2026, saying the applicants had established sufficient grounds to justify the appointment.

According to the application, as at September 30, 2025, the insurer had unpaid insurance claims worth Sh3....