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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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