United African Insurance Brokers

What United African Insurance Brokers does

United African Insurance Brokers Limited (UAIB) is a privately held reinsurance brokerage firm headquartered in Lagos, Nigeria, that provides intermediation services between African insurance companies and international reinsurance markets. The company was originally established in 1974 as a Lloyd's company in conjunction with Willis Faber & Dumas Limited in London, and re-registered in Nigeria in 1992 to improve market proximity. UAIB places risks in Nigerian, African, and international insurance and reinsurance markets, covering standard Life and Non-Life business as well as specialist classes including Satellite, Radar, Oil, Energy, and Gas risks.

The company's service offering spans the full reinsurance value chain: Reinsurance Claims Management, Captive & Specialized Management Services, Surveying & Loss Assessment Facilities, Integrated Risk Management Services and Alternative Risk Transfers, Reinsurance Portfolio Management, and Training Services. Technology is described in generic terms as "state of the art information technology applications" supporting streamlined processes, with no proprietary digital platform, mobile app, or public API disclosed. The firm operates with a small team (11-50 employees) led by Managing Director/CEO Oluyombo Bammeke, with senior leadership averaging 20-30+ years of industry experience.

UAIB generates revenue through transaction-fee commissions on reinsurance placements and related services, primarily targeting enterprise clients in the insurance and reinsurance sector. The go-to-market model is B2B enterprise field sales, with dedicated account teams assigned exclusively to identified clients. The company currently serves 64+ named clients across 15+ African countries, including major regional reinsurers (African Re, Nigeria Re, Ghana Re, Continental Re, WAICA Re, Senegal Re, CICA Re), Nigerian insurers (AIICO, Leadway, Zenith General, Custodian, Sunu, Cornerstone, Anchor), and West African insurers (GLICO General Ghana, SIC Insurance Ghana). Marketing is relationship-driven through the corporate website, direct phone/email contact, and industry referrals, with no evidence of public listings, institutional investment, or M&A activity.

Name

United African Insurance Brokers

Legal name

United African Insurance Brokers Limited

Website

https://uaib.net

Company type

Private

Founded year

1974

Operating status

Operating

Headcount range

11–50 employees

Short description

United African Insurance Brokers (UAIB) is a Lagos-based reinsurance brokerage firm founded in 1974 that places risks in African and international markets for 64+ insurance and reinsurance company clients across 15+ African countries, offering specialist broking, claims management, and risk management services.

Ownership category

akta.pro rank

Product category

Reinsurance Broking and Risk Management Services

NAICS

Insurance Agencies and Brokerages (52421), Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Agencies and Brokerages (524210)

SIC

Insurance Agents, Brokers & Service (6411), Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Treaty Reinsurance Brokerage (FSAOAHAA)

akta.pro secondary industries

P&C Reinsurance Brokerage (FSAOAHAG), Life & Health Reinsurance Brokerage (FSAOAHAF), Reinsurance Program Structuring & Portfolio Solutions (Broker-led) (FSAOAHAJ), Reinsurance Claims, Accounting & Contract Administration (Broker Services) (FSAOAHAI), Reinsurance Brokerage (FSAEADAE), Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)

Keywords

• Reinsurance broking services
• Risk management solutions
• Claims management services
• Captive management services
• Specialist energy insurance

Headquarters

HQ city

Yaba

HQ country

Nigeria

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Reinsurance Broking Services: The company earns revenue by providing reinsurance broking intermediation services to insurance companies across Africa. This includes placement of risks in Nigerian, African and international insurance and reinsurance markets, covering standard Life and Non-Life insurance as well as specialist classes such as Satellite, Radar, Oil, Energy and Gas risks.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

United African Insurance Brokers is a specialist reinsurance brokerage that places life and non-life reinsurance for insurance companies across Africa. Beyond treaty broking, the firm delivers claims management, captive and specialized management, surveying and loss assessment, integrated risk management with alternative risk transfers, portfolio management, and dedicated training services. It also handles specialist classes including satellite, radar, oil, energy and gas risks for cedents seeking niche technical placement.

Product overview

United African Insurance Brokers is a reinsurance broking company that operates as a single unified service offering rather than a modular platform. The company provides a comprehensive suite of reinsurance broking services including Reinsurance Claims Management, Captive & Specialized Management Services, Surveying & Loss Assessment Facilities, Integrated Risk Management Services & Alternative Risk Transfers, Reinsurance Portfolio Management, Reinsurance & Risk Management Services, and Training. These services are delivered through placement of risks in Nigerian, African, and international insurance markets, covering standard Life and Non-Life insurance business as well as specialist insurance business such as Satellite and Radar risk, Oil, Energy and Gas risks.

Differentiator

Problem solved

Functional benefit

Products and services

• Reinsurance Broking Services Placement of life and non-life reinsurance treaties and facultative covers for insurance companies across Africa, leveraging UAIB's access to Lloyd's of London and international reinsurance markets. The service is targeted at African insurers seeking to cede portions of their underwriting risk.
• Reinsurance Claims Management End-to-end handling and administration of reinsurance claims on behalf of cedent insurers, managing the recovery workflow between ceding companies and reinsurers. The service is for insurance companies that lack the in-house resources to manage complex multi-jurisdictional reinsurance recoveries.
• Captive and Specialized Management Services Formation, administration and ongoing management of captive insurance vehicles and other specialized risk-transfer structures for clients that wish to retain risk through their own vehicles. The service is aimed at corporations and insurance groups seeking alternative risk transfer solutions beyond conventional reinsurance.
• Surveying and Loss Assessment Facilities In-house risk surveying and loss assessment engineering services covering physical inspections, exposure evaluation and quantification of insured losses. The service supports insurers and corporate clients in accurately sizing and documenting losses for reinsurance recovery.
• Integrated Risk Management Services and Alternative Risk Transfers Holistic risk advisory and structuring of alternative risk transfer solutions that combine conventional reinsurance with non-traditional mechanisms such as captives, structured covers and finite risk. Targeted at insurance companies and large cedents seeking tailored capital and risk solutions.
• Reinsurance Portfolio Management Continuous advisory and management of ceding insurers' reinsurance portfolios, optimizing structure, retentions, retentions and counterparty selection over time. Targeted at insurance companies seeking to refine their overall reinsurance strategy on an ongoing basis.
• Training Services Structured training programs and capacity-building services covering reinsurance, risk management and related technical subjects. Targeted at insurance company staff and broader market participants seeking to upgrade technical knowledge.
• Life and Non-Life Insurance Placement Placement of both life and non-life reinsurance covers on behalf of African insurers, drawing on broad market relationships across both lines of business. The service is for African insurance companies looking to access specialist capacity in life and non-life segments.
• Specialist Insurance Business (Satellite, Radar, Oil, Energy, Gas) Specialist broking and risk placement for complex and high-value lines including satellite and radar assets, oil and gas operations, and broader energy sector exposures. Targeted at insurers and corporate buyers operating in these niche technical segments.

Quantifiable outcome

• Shortest response time for reinsurance inquiries
• +1 more outcomes

Named customers17 records

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• Willis Faber & Dumas Limited (Historical)historicalOthers · 1 January 1974UAIB was initially set up as a Lloyd's company in 1974 in conjunction with Willis Faber & Dumas Limited, London. This historical partnership established the foundation for creating capacities for African markets to meet the need for professional insurance broking services based on international best practices. The company subsequently registered and moved to Nigeria independently in 1992.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Aon: Global insurance and reinsurance broker with established African presence; competes with UAIB for reinsurance placement business from African insurers while offering a much broader portfolio of risk and human capital advisory services.
• Willis Towers Watson (WTW): Global insurance and reinsurance broker with significant African operations; UAIB was originally founded in 1974 as a Lloyd's company in conjunction with Willis Faber & Dumas (now part of WTW), making this a historically and operationally comparable counterparty in the same broking space.
• Marsh: Global insurance broker and parent of Guy Carpenter; competes with UAIB across African reinsurance and insurance placement mandates and now incorporates JLT's reinsurance capabilities after acquisition.
• JLT Re (now Marsh): Reinsurance broking arm of Jardine Lloyd Thompson (now merged into Marsh); competed directly with UAIB in treaty and facultative placements for African and international clients.

Direct peers

• TigerRisk Partners: Independent reinsurance broker offering treaty, facultative, and capital markets advisory; directly comparable to UAIB in serving mid-sized and emerging-market insurers with specialized broking expertise.
• Howden: Specialty insurance and reinsurance broker with growing African operations following acquisitions of Capsicum Re and other reinsurance platforms; directly comparable as a specialist reinsurance intermediary competing for similar mandates.
• Guy Carpenter: Dedicated global reinsurance intermediary and direct competitor to UAIB; competes for the same reinsurance placement mandates from African and international insurers, with similar treaty and facultative broking capabilities.
• Cooper Gay & Co. Independent reinsurance and insurance broker with historical strength in African and emerging markets; directly comparable to UAIB as a specialty broker serving African insurers and reinsurers.
• Capsicum Re (Howden): Specialty reinsurance broker (now part of Howden) covering complex and emerging-market risks; competes with UAIB for placement of specialty lines including energy, property catastrophe, and other complex risks in African markets.

Regional players

• Paragon International Insurance Brokers: Independent African-rooted insurance and reinsurance broker with comparable regional focus; relevant comparator as a niche African broker offering placement and risk advisory to insurers across the continent.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/uaib

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about United African Insurance Brokers