Allied Insurance issues an official press statement regarding an article published on Mihaaru News headlined “Yacht Tours prompts to enforce court order due to alleged breach on impending claim payment”, dated 23rd August 2020

Allied Insurance announces appeal of Civil Court verdict referring to pay claim amount of USD 22 Million for Yacht Tours. Identifying lack of evidence as grounds of appeal, the company asserted that the compensation sought for the damages of HA.Alidhoo Resort operated by Yacht Tours were not listed on the benefits of coverage of the insurance policy issued. On the contrary, Allied observed that the damages were likely to have been caused by quality of construction and standard of maintenance during course of nature. 

As this is an ongoing court process, Allied Insurance urges the public to abstain from any activity that may create a false impression on the company image thereby implicating the result of the case and hinder the good relationship with the partners and valuable customers during these unprecedented times. Concluding their statement, Allied assured that the company will continue to serve in public interest and foster growth as the Leading Insurer of the Maldives.

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