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Uganda’s brokerage sector for both insurance and reinsurance recorded another quarter of steady growth in Q2 2025, with leading firms increasing commissions and maintaining — in some cases, expanding —…
Corporate reputation is an aggregate of public perceptions about an organisation’s social, political, ethical and business behaviour and how people engage with that organisation based on these perceptions. Ultimately, this…
In November 2022, Minet Uganda⏤ a risk, re-insurance and human capital solutions advisory company celebrated its 5th anniversary. The company has however been present for much longer, but under different names, thus the “5 years in Uganda and 75 Years of African Heritage” celebratory theme. Minet started operations in Uganda in 1954 as JH Minet Company. In 1997 Aon, a global provider of risk management, human resource consulting and outsourcing solutions, as part of their African expansion strategy, acquired London Minet and subsequently the Ugandan operation became Aon Minet and later Aon Uganda. In 2017 private equity firm, Capitalworks acquired…
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The Insurance Regulatory Authority (IRA) has just released its Q3 2023 performance report for among others, insurance brokers, showing that Clarkson Insurance Brokers (U) Ltd is yet again ahead of traditional rivals. Clarkson remained a leader, both in premiums collected as well as commissions earned in the 51-company brokerage industry. Q3 2023 figures are a cumulative total of the business placed in the first 9 months of 2023. According to the results, Clarkson, placed UGX83.3 billion, out of which UGX73.1 billion was realised, earning a cumulative total commission of UGX 11.3 billion, translating into 21.12% market share. The Insurance…
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Prominent City lawyer and business man Elly Karuhanga, has been re-elected as dfcu Limited Chairman, the holding company of dfcu Bank, the 5th largest bank by assets. Karuhanga’s re-election was announced during dfcu’s general meeting on August 25, 2020. Among the re-elected Directors includes Kironde Lule while Aminah Zawedde was also appointed Director. As chairman of the group, Karuhanga continues to drive dfcu’s business growth strategy that has seen the company register significant financial performance. During the general meeting, dfcu announced that the company’s assets increased by 1 percent from UGX2.916 billion to UGX2, 958 billion on the back of…
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Thirty six (36) insurance brokerage firms, collected an estimated UGX280 billion in premiums compared to UGX233.3bn in 2017, according to preliminary reports from the Insurance Regulatory Authority (IRA). According to…
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