Business Insurance will be back online in October. Please check back then to subscribe/register.

All existing subscriptions will be honored. Contact info@businessinsurance.com with any questions.

GLOBAL FOCUS

Kenya: Mayfair Insurance pays out $6.9 million for damages from Westgate terror attack

Comments Email Reprints

Mayfair Insurance Co. Ltd. has paid out an additional 600 million Kenyan shillings ($6.9 million) to retailer Nakumatt Holdings Ltd. for losses suffered at its branch at the Westgate Mall in Nairobi, Kenya, following the September 2013 terrorist attacks, Capital FM reported.

This is the second settlement to the retailer bringing the total payout to KES 1 billion. Mayfair Insurance's managing director Tushar Shah said the settlement was part payment for damage to stock, furniture fitting and fixtures and business interruption.

Read more

More from BI