A new re-insurance broker for East Africa
A new partnership between Ellgeo Re and JW Seagon Brokers Ltd was launched at the JW Seagon offices in Ola Energy Plaza, Muthaiga, on 3rd October 2022. The new entity, Ellgeo Seagon Re, will be based in the JW Seagon offices and will aim to serve the region’s insurance companies with customized re-insurance solutions.
Ellgeo Re (Mauritius) Ltd (“Ellgeo Re”) ranks among the leading providers of reinsurance broking services in Mauritius. After years of successful trading in the Indian Ocean region and having recently received the International Professional Partner Firm (IPPF) corporate status from the CII UK, they are turning their attention to the wider African continent.
Jean-Alain Francis, CEO of Ellgeo Re, had this to say on the occasion: “I am happy to reconnect to the East African region after having previously been involved as a reinsurer with a leading global provider. We are excited to embark on this East African adventure with a partner like J W Seagon, whose local market knowledge and capabilities add considerable value to our USP for the market. We look very much forward to the conversations we will be having with the various actors of the reinsurance scene in East Africa – customers and reinsurers alike.”
Their majority shareholder, IBL, is registered on the Mauritian stock exchange and are a significant investor in Mauritius and around the globe. With offices in Kenya, they contribute to the development of reliant and well-functioning financial infrastructure and capital markets in the region.
JW Seagon has almost 30 years of experience and is one of Africa’s most respected independent insurance brokers. They have partnerships with the world’s leading insurance providers as well as some of the region’s most trusted insurers to offer a wide range of comprehensive, cost-effective, and reliable policies across health, life and general insurance.
David Seagon, Director at JW Seagon Group commented, “We are delighted to be partnering with the IBL Group and Ellgeo Re in their expansion into East Africa and are very excited about the opportunities that lie ahead. This partnership enhances the JWS Group capabilities in East Africa and offers our clients access to the wider global reinsurance markets.”
Ellgeo Re’s experience in the re-insurance market and long-standing relationships with re- insurers around the world combined with JW Seagon’s knowledge and network in the region makes for a strong partnership. Together they hope to unlock opportunities in the region’s insurance market and provide robust and reliable re-insurance solutions to insurance companies across East Africa.
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