SIGA denies directing state firms to favor SIC insurers

On 2026-04-10, the State Interests and Governance Authority (SIGA) said it had convened a meeting with SIC Insurance PLC, SIC Life Company Limited, and private insurers to clarify guidance on insurance placements for state-owned enterprises. SIGA said the meeting was meant to explain that its correspondence was intended to keep state insurers in competitive tender processes, not to force exclusive business to them. The parties reportedly resolved concerns over monopolisation after the discussion.