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SanlamAllianz Life Insurance Uganda has named Alexander Mukasa as its new Chief Executive Officer, effective December 2025, marking a significant leadership transition at one of the country’s most dynamic life insurance providers. Mukasa replaces long-serving insurance executive Gary V Corbit, who has proceeded into retirement after a distinguished multi-decade career spanning Uganda, Kenya, Zambia and the wider African insurance market. His arrival at SanlamAllianz coincides with major structural shifts within Uganda’s insurance sector, most notably the acquisition and merger of Marsh Uganda by Olea, a Pan-African insurance brokerage group. Until his appointment at SanlamAllianz, Mukasa served as Managing Director of…
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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…
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Olea Insurance Solutions, the pan-African insurance broker, has acquired a significant stake in Ballpack Insurance Group Uganda, expanding its footprint across the continent to its 25th market in Africa, the French company has said in a statement. The acquisition of a controlling stake in the Ugandan company, which Olea has been publicly discussing for at least a year as its strategy for entering Uganda, underscores the French private company’s goal of establishing a brokerage network throughout sub-Saharan Africa. The value of the transaction was not disclosed. “The acquisition of Ballpack Insurance Group Limited is a mark of confidence in our…
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