Blueshield Insurance Company will now be liquidated after a judge agreed with the Insurance Regulatory Authority (IRA) that the underwriter cannot be resuscitated.
High Court Judge Alfred Mabeya spelt the death knell of the underwriter saying there was no evidence that shareholders were willing to inject any capital in the company to make its capital ratios compliant and the verified liabilities, in excess of Sh800 million still stare at the firm.
