The Directory Of Financial Institutions 2022 : MUA
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DIRECTORS
Dominique Galea
Chairperson
Bertrand Casteres
Group CEO
Vincent Ah-Chuen, Alfred Bouckaert, Mélanie Faugier, Bruno De Froberville, Olivier De Grivel, Catherine Mcilraith, Ashraf Musbally, Mushtaq Oosman
MUA is a regional financial services company committed to providing innovative insurance and financial solutions for communities in Mauritius, across East Africa and the Indian Ocean. Although its primary focus is on short-term and long-term insurance, its subsidiaries also offer a variety of specialised services and solutions to corporate and individual clients in the areas of pension, investment, savings and stockbroking.
MUA Pension Ltd specialises in the implementation and management of pension funds for companies. Its fund management company, MUA Mutual Fund Ltd, focuses on two collective investments schemes, targeted mainly to retail investors. It owns an 80% stake in MUA Stockbroking Ltd, which provides stockbroking services and is a member of the Stock Exchange of Mauritius Ltd.
Its home market of Mauritius remains strategic. It is the largest insurer by market capitalisation in Mauritius. It has a 22.6% market share* for general insurance and a 13.6% market share for life insurance. The integration of its operations in Kenya in 2021 has also reinforced its position in the East African market.
Key Facts
Financial services group with 74 years of business experience.
- Listed on the Stock Exchange of Mauritius (code MUA) since 1993.
- A team of 790 staff in Mauritius, Seychelles and East Africa.
- Head Office and 8 branches in Mauritius, with additional offices in Seychelles, Kenya, Uganda, Tanzania and Rwanda.
Industry Leader in Mauritius
- General Insurance (2020): Ranked No. 2 in Net Premium and No. 2 in Gross Premium
- Life Insurance (2020): Ranked No. 4
- Motor Insurance (2020): Ranked No. 1
- Health Insurance (2020): Ranked No. 2
- Liability (2020): Ranked No. 1
Results: 2021
- Profit after tax of Rs 415 million
- Gross premiums earned of Rs 6,680 million
- Total assets (as at end of 2021) of Rs 17,235 million
- General Business & Life assurance funds (as at end of 2021) of Rs 11,186 million
* Market share information is based on the latest published statistics of the FSC.
CONTACT INFORMATION
4 Léoville L’Homme Street, Port Louis
Tel : 207 55 00
Email : info@nullmua.mu
mua.mu
