Minet Malawi, formerly Aon Malawi, on Tuesday launched its risk, reinsurance and human resource operations following the acquisition of Aon Plc operations across several sub-Saharan Africa (SSA) countries.
As a result of the acquisition, Aon shareholding in several countries, including Malawi, was transferred to Capitalworks and the new group will trade as Minet, which will become Aon Plc’s largest global network correspondent.
In his remarks on Tuesday in Blantyre at the launch of the new company, Minet group chief executive officer (CEO) Joe Onsando said this marks a milestone for Africa as the continent now has its own pan-African player with a diverse African footprint owned and led by Africans.
In an interview after the launch, Minet Malawi CEO Delvin Khongono said they will be in the best position to service the growing market in Malawi by providing risk, reinsurance and related human resource advisory solutions.
Reserve Bank of Malawi (RBM) director of insurance and pension supervision Chimwemwe Kachingwe said they are always working towards creating a conducive environment for the insurance industry. n