Marsh acquires Alexander Forbes Risk Services in Malawi
Marsh acquires Alexander Forbes risk services in Malawi and continues expansion across sub-Saharan Africa
Blantyre – Marsh has announced that it has acquired Alexander Forbes Risk Services’ operations in Malawi. This transaction follows Marsh’s acquisition earlier this year of Alexander Forbes’ South African insurance broking operations, Alexander Forbes Risk Services (AFRS) and related ancillary operations, as well as Alexander Forbes’ insurance broking operations in Botswana, Namibia and Uganda.
Jurie Erwee, CEO of Marsh Africa, commented: “Our previously announced plans to expand our presence across sub-Saharan Africa are advancing according to plan and we are very pleased to welcome Malawi into the Marsh Africa family. With its impressive economic growth rate and expanding appetite for insurance products and services Malawi is an attractive market for us and we look forward to building a leading presence there.”
Brian Blake, Vice Chairman of Marsh Africa, said: “Malawi’s rapid development, especially in such important sectors as telecommunication, mining and energy, increasingly requires companies to adopt more advanced insurance solutions and risk management practices to meet their particular needs. Together with our respected and knowledgeable team in Malawi, we will draw upon Marsh’s global resources and placement skills to enhance our service to local companies.”
Donbell Mandala, who has been appointed Head of Marsh’s operations in Malawi, said: “We are excited at becoming part of the strong management team at Marsh Africa. My colleagues and I look forward to making Marsh Malawi the country’s insurance broker of choice as we harness Marsh’s exceptional resources to provide Malawian clients – from multinational companies to indigenous enterprises – with the innovative, industry-specific risk management support they need to succeed.”
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