Home » DP Ruto’s firm on spot over Insurance Claim
Business

DP Ruto’s firm on spot over Insurance Claim

October 26, 2021
3 Min Read

A firm associated with Deputy President William Ruto is being investigated after receiving complaints that the insurance agency does not pay claims.

According to a Kenyan on Twitter, Africa Merchant Assurance Company (AMACO), the firm owned by DP Ruto doe not pay insurance claims.

Surprisingly, the firm, where Dr. Ruto is a major shareholder is publicly refusing to pay claims even if the court orders them to do so.

DP Ruto’s firm on spot over Insurance Claim
JONNIEY Replying to @ItsMutai said People should stop taking insurance from AMACO they don’t pay mark this with red pen they will frustrate you and damage you completely I sold my properties to clear my vehicle after amaco failed even clear them
Jpatrick538 Replying to @ItsMutai very true, one year now since I submitted a claim to Amaco Ltd
but I have not been paid a single cent, not even for towing, and to think I paid 92,000 full comprehensives. I reported to IRA still no action.
I once paid for premiums which were received but I got an accident that required a claim they plainly told me, ny money was not in their possession yet I had made a direct deposit to their account and I had a bank slip to prove it. Ogopa AMACO – Sheezy posted on Twitter
Amaco is a criminal Enterprise, despite getting all counties’ insurance tender for the jubilee first term and tenders from all tanga tanga friendly counties in the second term they do not honour claims.- Abu Najaf said
Amaco has failed most of us. Individuals and by extension families. My brother, currently on a wheel chair, almost lost his life 6years ago in a tragic road accident. He was a school games captain then and used to accompany fellow sick on injured students to hospital. One day- Kim Fill said

Claims against AMACO

In 2019, AMACO Ltd, a firm that is associated with Deputy President William Ruto was placed under investigation after being awarded a lucrative contract at Kenya Pipeline Corporation (KPC) without following laid down procedures.Nation reports that the company, Africa Merchant Assurance Company (AMACO), was brought on board midway and given 30 percent of a multi-million shilling business. Surprisingly, the firm, where Dr. Ruto is a major shareholder, had not taken part in the tendering process for KPC’s “All Risk Industrial, Terrorism and Sabotage Cover.”

Last year, Amaco Insurance denied claims it failed to pay a claimant Sh15 million.

Mama Rael Memorial Foundation had accused Amaco of breaching an insurance contract and hired Dollar Auctions to raid their offices at NextGen Mall along Mombasa Road in order to recover the money.

The foundation had sought court orders to attach the properties of Amaco for failing to deposit Sh2 million in an interest joint account and a Sh13 million guarantee.

And on February 20, appearing before High Court Judge Msagha Mbogholi, the firm’s lawyer Henry Kurauka said Amaco was yet to pay the said amount to the joint account between Mama Rael Memorial Foundation and the insurance firm.

Tags

About the author

View All Posts

Dokta Wanz