Minet Malawi, formerly Aon Malawi, on Tuesday launched its risk, reinsurance and human resources advisory operation, consolidating the firm\u2019s market position in the country.<\/p>\n
South Africa\u2019s music legend, Yvonne Chaka Chaka, graced the occasion juggling the roles of official hostess and lead performer for the day.<\/p>\n
The launch of Minet follows an announcement in early February that Pan- African private equity firm, Capital Works, had acquired Aon Plc\u2019s operations across several sub-Saharan Africa countries, subject to precedent conditions and regulatory approvals.<\/p>\n
The conditions have since been fulfilled and, effective this November, Aon\u2019s shareholding in several countries, including Malawi, was transferred to Capitalworks.<\/p>\n
Speaking during the official launch in Blantyre, Minet Malawi Chief Executive Officer (CEO), Delvin Khongono, said the Malawi branch is excited with the new developments as it is now positioned favourably to service the growing market riding on Capitalwork\u2019s expertise.<\/p>\n
\u201cThe acquisition will not only benefit clients but also our employees,\u201d he said.<\/p>\n
In comparison with regional neighbours such as Kenya, Tanzania and Zambia, Malawi is viewed as having a higher insurance penetration at three percent as compared to the average 2.5 percent in the neighbouring countries.<\/p>\n
CEO of Minet Africa, Joe Onsando, said Minet is a well-known and trusted brand across Africa.<\/p>\n
\u201cMinet Group is uniquely positioned to deliver valuable insights and risk advisory solutions that reduce volatility and improve performance, providing unrivaled advantage to our clients,\u201d he said.<\/p>\n
The transaction spans across 10 countries and regulatory approvals have thus far been obtained in Kenya, Lesotho, Malawi, Namibia, Uganda and Zambia, with approvals for in remaining countries expected in the first quarter of 2018.<\/p>\n","protected":false},"excerpt":{"rendered":"
Minet Malawi, formerly Aon Malawi, on Tuesday launched its risk, reinsurance and human resources advisory operation, consolidating the firm\u2019s market position in the country. South Africa\u2019s music legend, Yvonne Chaka Chaka, graced the occasion juggling the roles of official hostess and lead performer for the day. The launch of Minet follows an announcement in early […]<\/p>\n","protected":false},"author":3,"featured_media":56287,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-56284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/56284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/comments?post=56284"}],"version-history":[{"count":1,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/56284\/revisions"}],"predecessor-version":[{"id":56288,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/56284\/revisions\/56288"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/media\/56287"}],"wp:attachment":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/media?parent=56284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/categories?post=56284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/tags?post=56284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}