By Eddah Waithaka
OLEA is expanding its presence in Africa by moving forward with the acquisition of Marsh. In 2019, OLEA entered the Kenyan market by acquiring a 40% stake in a local firm. As of February 2025, the Pan announced that it has reached an agreement to acquire Marsh Uganda and Marsh Botswana, pending approval from local authorities in both countries.
Olea Insurance Solutions, based in Paris, has enhanced its footprint in the African market by acquiring a 40 percent stake in Kenya’s Koolridge Insurance Brokers. This acquisition follows five years of successful collaboration between the two companies and marks Olea’s entry into the East African market.
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At the time of the acquisition, the company identified Nairobi as a significant launchpad into other East African markets, notably in Uganda, Rwanda and Tanzania where the company already had a robust commercial presence. The acquisition of Marsh Botswana and merger of Marsh Uganda with OLEA’s existing Uganda operation marks a significant milestone in OLEA’s growth strategy and underlines its commitment to delivering exceptional service and tailored insurance solutions to clients across the continent.
“We are excited to welcome the talented teams from Marsh Uganda and Marsh Botswana into the OLEA family,” said Olivier Canuel, OLEA Group CEO. “This acquisition not only enhances our presence in Africa but will strengthen our service offerings and expand our capabilities. OLEA will continue to provide comprehensive risk management solutions to meet the unique needs of businesses in Uganda and Botswana – two strategic and dynamic markets in Africa. OLEA will invest in local talent and resources to ensure a seamless transition and continued excellence in service delivery,” said Vincent de Charnacé, OLEA CEO East & Southern Africa.
Guy Royston, CEO, Africa Regional Operations, Marsh McLennan said, “Marsh Africa has enjoyed a strong and collaborative working relationship with OLEA. And subject to regulatory approval, I am pleased that they will be the new custodians of our offices in Botswana and Uganda. As the leading insurance broker in Africa, Marsh remains committed to the region and will continue to deliver exceptional value and innovative solutions to help our clients manage the risks they face.”
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