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Sunday, February 10, 2008

Who owns Invesco Insurance Company?

So... why is the gov't stepping in to rescue a failed insurance firm?

Who owns Invesco?

What happened to free markets?

Would the gov't step in to save Pan-Africa Insurance or Jubilee Insurance?

Why are taxpayer funds being used to prop up a firm that was mis-managed?

The folks behind Uchumi's collapse (kirubi & cronies) were never brought to book since they are supporters of kibz & cronies... Is this is the same for Invesco?

18 comments:

ka-investor said...

I was asking my self the same questions.

Is Invesco a parastatal?

Why do we have to pay txes to save it?

Can an independend court tell us what went wrong and why we have to pay for it?

Both uchumi and Francis Thou crooks are still out there enjoying their loot. Why have they not been taken to court?

Seasons & Reasons said...

At last check, Invesco was owned by Peter Kuguru, Joseph Gitau and Joseph Kariuki.

This is highly irregular because the govt has never stepped in for any insurance firm in trouble. Why didn't the government step in when Stallion, United and others were in toruble.

I could understand if this was a public company but it is not. The market is also aware that the shareholders stripped off the assets of this company

Ali said...

Interesting thread, I'm positive someone in the government has their hands in with this company. My dad actually has private vehicle insurance through this company.

The Invesco image you have posted has nothing to do with the Invesco Assurance/Insurance company based in Kenya.

Invesco is a global financial company for which I work - to be honest, I'm surprised there havent been any trademark violations against the company in Kenya.

PS. I am Kenyan, I know how things work at home.

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