Willis Towers Watson

A photo collage of merged Olea managing director Fiona Magezi and chairman Paul Muhame. The Olea Marsh merger creates a top-five brokerage with 6.4% market share. Former Marsh client service head Magezi becomes Managing Director, while Muhame transitions to board chairman.
A photo collage of merged Olea managing director Fiona Magezi and chairman Paul Muhame. The Olea Marsh merger creates a top-five brokerage with 6.4% market share. Former Marsh client service head Magezi becomes Managing Director, while Muhame transitions to board chairman.

Olea Finalises Acquisition of Marsh Uganda, Fiona Magezi to Replace Paul Muhame as Managing Director

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
December 2, 2025
Edward Nambafu (left), the Minet Uganda Chief Executive and Dr. Elly Karuhanga, his Chairman have a lot of work to do- to ward off growing competition from several formidable local and international players that have arisen in the last 10 years, as well as growing competition in the intermediary space from banks.

Can Edward Nambafu restore Minet’s glory days as Uganda’s No.1 insurance broker? 

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

 

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