Minet Celebrates 75 Years of Insurance in Africa, 5 strong years in Uganda

Minet Limited, one of the longest serving insurance brokerage firm in Africa has reached a milestone, celebrating a legacy spanning 75 years on the African continent and 5 years in Uganda

 Established in 1947, as JH Minet, the company has grown to become one of Africa’s trusted risk advisor and Aon’s largest Global Network Correspondent. The partnership with Aon affords Minet access to over 50,000 network colleagues in 120 countries, enabling collaboration and knowledge sharing.

With truly Pan-African capabilities – The group has an extensive network of affiliates throughout Africa, consisting of Minet-owned offices in Uganda and and other African countries. In addition, Minet has strong correspondent arrangements with Aon in those countries where offices are not Minet-owned, giving them unmatched coverage of the African continent.

Minet Group CEO Joe Onsando in an interview commented about this 75 year great milestone saying

“It is heart-warming to see our group, owned and led by Africans, being in a position to celebrate a legacy spanning 75 years on the continent. This is an affirmation of the tireless efforts our team has put into building and growing the company into Africa’s number one leading risk advisory firm whilst also insuring the health and livelihoods of millions of people across the African continent.”

Elaborating on the growth of the group, Onsando explained that in 1997, the leading global professional services firm Aon, as part of their global expansion strategy, acquired JH Minet’s African operations and changed the company name to Aon.

“2017 saw private equity firm Capitalworks, alongside management, acquiring Aon’s shareholding in several African operations and the reinstatement of the brand name Minet in Kenya, Lesotho, Malawi, Namibia, Uganda, and Zambia."

He added that, “This change also saw the signing of a Global Network Correspondent Agreement with Aon, ensuring the company continued to service Aon’s multinational clients in Africa. Subsequently Tanzania, Mozambique (Minseg) and Botswana have been added to the Minet Group stable.”

Commenting on the ever-increasing need for risk advisory services, Onsando said that,

“In today’s highly volatile world, risk is ever present: pandemics, environmental risk (adverse weather events and natural catastrophes), technological risk (cyber-attacks and data breach), and socio-political risk (riots and terrorist attacks) are just a few from a long list of risks that people and organizations are faced with.”

“As we are more interconnected than ever before, the impact of such risks is increasingly severe. An event happening halfway across the world can disrupt supply chains and impact a local business as was clearly evidenced by the Covid 19 pandemic. .” He added.

Chief Executive Officer of Minet Uganda, Mr Edward Nambafu reinforced that, “being a member of the Minet Group affords clients in Uganda access to a trusted and composite risk advisor, specializing in a vast array of industries and sectors who are pioneers, thought leaders, and who are locally relevant, globally competitive, and digitally-enabled with ecosystems across the entire supply chain.”