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Olea Insurance Solutions company logo
Corporation
olea.africa

Investments

1

About Olea Insurance Solutions

Olea Insurance Solutions is a general insurance brokerage firm operating in the insurance industry. The company offers life and non-life insurance solutions across various sectors, providing risk management and insurance broking services tailored to the needs of their clients. It was founded in 2017 and is based in Paris, France.

Headquarters Location

25, rue Dumont D'urville

Paris, 75116,

France

+33 1 85 73 15 06

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Latest Olea Insurance Solutions News

French-Based OLEA Insurance Solutions Appoints Anthony Wachira to lead the Kenyan Subsidiary

Mar 30, 2023

You Might Be Interested In Wachira has a solid and proven Kenyan and regional insurance market background. He joined OLEA Kenya in 2021 in a management position. Before then, he worked at Minet and Alexander Forbes. Some of his big wins were steering profitable growth strategies while forging lasting relationships. OLEA Insurance solutions entered the Kenyan market in 2019 after buying a 40% stake in the Kenyan Koolridge Insurance Brokers. The acquisition came with a name change to OLEA Kenya Insurance Brokers. “The OLEA Insurance partnership was a great feat for our company,” said outgoing CEO and Founder Herbert Ocholi. “As fate would have it, the Covid pandemic hit the world a few months later, and our company suffered the same devastation and loss of business as most businesses. But, we managed to survive due to our clients’ utmost confidence in us.” In Africa, OLEA Insurance Solutions has a footprint in 38 Countries, 24 subsidiaries, and 14 correspondents. The company recently made a foray into South Africa. Plans are also underway to open offices in Uganda later this year. “Our continental spread allowed us to acquire business from international brokers who do not have a presence in Kenya. That, together with new business opportunities from local companies contributed to our ability to survive the Covid Pandemic devastation. Indeed, we can attribute our continued growth and success to the very same reasons,” concluded Mr. Ocholi. One of Wachira’s most significant tasks in his new role is to spearhead business expansion within the country. His focus, amongst other things, will be to identify and maximize new business opportunities in health products, aviation, and the hospitality industry. Mr. Ocholi will transition to the role of the Executive Director of the OLEA Kenyan Board and the OLEA Group’s Technical Director for East Africa. You Might Be Interested In

Olea Insurance Solutions Investments

1 Investments

Olea Insurance Solutions has made 1 investments. Their latest investment was in Koolridge Insurance Brokers as part of their Corporate Minority on September 23, 2019.

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Olea Insurance Solutions Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/23/2019

Corporate Minority

Koolridge Insurance Brokers

Yes

1

Date

9/23/2019

Round

Corporate Minority

Company

Koolridge Insurance Brokers

Amount

New?

Yes

Co-Investors

Sources

1

Olea Insurance Solutions Acquisitions

2 Acquisitions

Olea Insurance Solutions acquired 2 companies. Their latest acquisition was Ballpack Insurance Group Uganda on November 10, 2023.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

11/10/2023

$99M

Corporate Majority

1

7/16/2021

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$99M

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10

Date

11/10/2023

7/16/2021

Investment Stage

Companies

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Valuation

$99M

$99M

Total Funding

Note

Corporate Majority

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Sources

1

10

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