OLEA Uganda
Fiona Magezi is the Managing Director of OLEA Uganda, appointed following the acquisition of Marsh Uganda in November 2025.
With over 24 years of experience in the insurance industry, Fiona brings deep expertise across both broking and underwriting. She began her career as a trainee at Old Mutual General Insurance Uganda Limited - the country’s second-largest insurer - and rose through the ranks to lead the claims function at management level over a 12-year tenure.
Before joining OLEA Uganda, Fiona served as Principal Officer and Head of Client Servicing at Marsh Insurance Brokers Uganda, a subsidiary of Marsh McLennan, the world’s largest insurance broker. She held this position from 2017, where she played a key role in client engagement, service delivery, and operational leadership.
Fiona is an Associate Member of the Chartered Insurance Institute (UK) and a Chartered Member of the Insurance Training College of Uganda. She holds a Bachelor of Arts in Social Sciences from Makerere University, a Certificate of Insurance and Proficiency from the National Insurance College of Pune (India and Nairobi), and an Advanced Diploma in Insurance from the Chartered Insurance Institute (UK).
In addition to her executive role, Fiona is a passionate advocate for industry development and gender equity. She lectures and consults at the Insurance Training College of Uganda and serves on the training and mentorship committee of Women in Insurance (WIN) Uganda - a platform dedicated to empowering women in the sector. In January 2024, she was appointed Uganda’s representative to the Africa Insurance Women’s Association.
Fiona was recognised by the African Insurance Organisation (AIO) in 2022 as one of the Top 50 Women in African Insurance. In 2017, she became the first African and the first African woman to win the Marsh Global CEO Award for exceptional performance and client service, nominated by then-CEO John Doyle (now Group President and COO of Marsh McLennan).
At OLEA Uganda, Fiona is focused on driving growth, enhancing client experience, and strengthening professionalism and trust across the industry.
| Date Established | 2016 |
|---|---|
| Employees | 20 |
| Address | Nakawa Business Park, Block A, 3rd Floor |
| uganda@olea.africa | |
| Languages | English |
Country population: 48.6 Million (2023 census)
GDP per Capita: $2,066.38 (2023)
GDP growth in 2023: 6 %
GDP growth in 2024: 6 % (forecast)
Natural resources: fertile soil, oil deposits, hydroelectric potential.
Diversification efforts, particularly in the agri-food sector.
International support for infrastructure projects.
Debt mainly on concessional terms.
Second largest coffee exporter on the continent behind Ethiopia.
Market size: 421 Million USD per year
Insurance penetration rate: (as % of GDP) 0.8%