Olea Finalises Acquisition of Marsh Uganda, Fiona Magezi to Replace Paul Muhame as Managing Director Olea has sealed its takeover of Marsh Uganda, instantly reshaping the broker league table and launching a new leadership era. The merged firm now sits in Uganda’s top five, with Fiona Magezi, ex-Marsh Head of Client Servicing, taking charge as Managing Director while Paul Muhame moves to chairman of the board.

Pan-African insurance brokerage powerhouse Olea has completed the acquisition and full merger of Marsh Uganda. This marks one of the most significant consolidations in Uganda’s insurance broking sector in recent years. The announcement, formally communicated by Olea on 20 November, brings to a close a five-year collaborative journey between the two firms. It positions Olea among the country’s top five insurance brokers by market share. In its statement, Olea called the merger a milestone that “strengthens our integrated, client-focused network across Africa.” It reinforces its commitment to delivering world-class, locally grounded risk solutions. With operations now spanning more than 25…