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Originally published by Capital Business
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business
September 22, 2026
17h ago

PCF extends payment suspension to policyholders, creditors by three insurers

PCF extends payment suspension to policyholders, creditors by three insurers

The three companies have been under statutory management since March, with the PCF appointed to manage their affairs...

✨ Key Highlights

The Policyholders Compensation Fund (PCF) has extended the suspension of payments for three insurance companies, Corporate Insurance Company, Trident Insurance Company, and KUSCCO Mutual Assurance Company, for an additional two months.

  • The extension, effective September 10, 2026, impacts payments to policyholders, claimants, and creditors.
  • The PCF, acting as the statutory manager, is currently assessing the financial health of these insurers.
  • The three companies were placed under statutory management in March due to deteriorating financial positions and failure to meet solvency requirements.

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