Six Customers Petition High Court to Liquidate Directline Assurance Company

Six creditors filed a petition with the Malindi High Court to liquidate Directline Assurance, which controls over 60% of Kenya’s PSV insurance market. The petition was filed in August 2026, with a hearing scheduled for November 23, 2026. The company has faced recent legal and regulatory issues, including heightened surveillance by the Insurance Regulatory Authority in 2024 after Royal Credit Limited announced that Directline had ceased operations, its board was dissolved, and its assets were taken over by Royal Credit.