Uganda Flag

Uganda

OLEA Uganda

Managing Director

...
Fiona Magezi

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.

The Subsidiary

Date Established2016
Employees20
Address

Nakawa Business Park, Block A, 3rd Floor
3-5 New Port Bell Road, Kampala

Emailuganda@olea.africa
Languages English

Some Key Figures

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%

Have a look at our Insurance Solutions

Liability insurance providing protection against claims resulting from injuries and damage to other people or property.
Property & Casuality
Cover for property damage and/or bodily injury caused by your vehicle, including to third parties.
Motor & Motor Fleets
Covers all damage likely to disrupt a company's normal operations, including the company's movable and immovable assets.
Asset & Business Interruption
Business protection against cyberattacks such as system hacking, viruses, and ransomware leading to data blocking and ransom demands.
Cyber
Insured protection against violence with political or terrorist overtones.
Political Violence & Terrorism
Insurance cover against losses incurred for your house contents, devices, and vehicles.
Personal Insurance
Health cover for individuals and employees of companies in various sectors.
Medical Insurance
Fraud insurance covering a range of risks associated with external, internal, and cyber fraud.
Crime
Cargo insurance and transport liability protection against financial consequences in the event of loss or damage of goods transported by sea, air, or land.
Transport
A specified lump sum paid to your dependants in the event of work incapacity due to temporary or permanent disability or death.
Life Insurance

Have a look at our Specialised Industry Solutions

Protection for mining operations against risks associated with exploration, extraction, and processing of mineral resources.
Mining
Tailor-made risk management solutions to protect operations from potential hazards.
Manufacturing
Protecting crops and assets from liabilities due to property damage, fire, death, or injuries on your farms.
Agriculture
Comprehensive solutions for both local and cross-border operations covering risks associated with logistics, vehicles and transport operations in general.
Logistics & Transportation
Covers risks inherent in the building process, including professional liability insurance to cover consequences of professional negligence.
Construction & Projects
Customised solutions for the hydrocarbon sector, covering risks associated with the exploration, production, and distribution of oil and gas products.
Oil & Gas
Risk management solutions protecting against threats in the ever changing technological environment.
Technology
Designed to protect against the risks inherent in the travel and tourism industry.
Leisure & Hospitality
Specialised insurance for collectables and high-risk items.
Diamonds. Specie & Collectables
Insurance strategies tailored to the financial sector's needs, guaranteeing the security of operations and assets.
Banking
Specialised insurance solutions for renewable energy projects, contributing to the energy transition.
Renewable Energy
Insurance coverage specifically geared to the operation of aircraft and risks involved in aviation.
Aviation
Managing your medical aid claims via 3rd Party Administration.
Third Party Administration (TPA)