In this paper we have highlighted details of three of the major Lockton Global Partners in Africa: - firstEquity Group of Companies, Southern Africa - Inter Risk in Angola - Ascoma, Central, West & Sub-Saharan Africa and provided contact details of all Partner Brokers across the African Continent.

1. African Partner Brokers
Information Paper
SM

2. firstEquity
Timeline
Service and Product Offering:
We have six distinct divisions:
• Corporate & general commercial insurance
• Specialist insurance classes
• Personal lines insurance
• Portfolio management services
• Product development (which includes claims
management)
• Consulting services
firstEquity was founded in 2006 in South Africa to provide an alternative to the large and global brokers. We are a level
1 BBBEE company with a proud record of innovation and have built a substantial business that coupetes effectively in
the markets of choice.
We have proven capability in Corporate and Commercial Risk Advisory business as well as in Personal and Association
schemes including Embedded Insurance. We focus on solution based activity, efficient delivery and quality advice to
large and complex clients and to specific industry groups.
We deliver the following services:
• Management consulting (Advisory,
• Strategy, Transactional)
• Embedded product development
• Financial and professional risk advisory and broking
services
• Risk financing and alternative risk transfer services
• Cell captive management
• Traditional risk management and broking placement
services
• Specialist offerings such as trade credit and political
risk insurance.
2006 2007-2008 2009-2010 2011-2013
• Founded by a couple of
corporate types
• Focus was large complex
MNC/Corporate clients
• 1st win SASOL (World no 1
CTL/GTL producer) against
Willis/Aon/Marsh
• Organic growth and focus
on internal systems and
processes
• Acquired GWIB
• Acquired AON Credit and
Political Risk team
• Started a personal insurance
division and a Portfolio
Management division
• Acquired M.McLoughlin
and Associates - small
commercial focus
• Sold the underwriting
business to Zurich to
focus on broking
• Steady Organic growth
• Formed Lockton firstEquity
• Acquired DMKC commercial
and personal practice based in
Capetown
• Started our Affinity Practice area
• Acquired majority interest in SATIB
and Ivory group - Tourism, Leisure
and Wildlife specialists
• Acquired PIFRS - Professional and
Financial specialists.
In this paper we have highlighted details of three of the major
Lockton Global Partners in Africa
- firstEquity Group of Companies, Southern Africa
- Inter Risk in Angola
- Ascoma, Central, West & Sub-Saharan Africa
and provided contact details of all Partner Brokers across the African Continent.

3. How can we collaborate?
Collaborating Options:
• You can trust us with your International clients in South Africa and Southern Africa
• We can jointly target EU clients moving into Southern Africa
• Offices throughout major centres in South Africa and SADC
• Insurer/Reinsurer network in Africa - no local broker required
• Clients sometimes prefer cover/placement in South Africa rather than some
other territories
• Local regulations and practice (unique cover e.g. SASRIA)
• Database of regulations for African territories
• Understanding and advice on admitted vs non-admitted insurers
• Understanding and advice on compulsory local covers
SATIB
firstEquity now owns 40% of SATIB.
SATIB had the privilege of breaking ground by providing
cover for the Southern Africa tourism industry over 25
years ago. With the industry being so diverse, one size
does not fit all. Needs vary greatly in terms of cover
requirements and for this reason, SATIB have created five
specialised units that focus on specific needs: Tourism
& Leisure, Wildlife, Commercial & Industrial, Life &
Investments and Domestic.
We realise the need for specialist attention and have taken
the approach of developing skilled teams dedicated to
each of our business units to ensure we retain the
highest level of focus and expertise required by our clients
particular business.
11 regional branch offices throughout Southern Africa.
We are also very proud to have retained our BBBEE Level
3 status.
Values:
• Professional - Top of our game
• Reliable - Trust & Integrity
• Innovative - Looking for better solutions
• Disciplined - Self motivated
• Environmentalists - Sustainable business practice
01 I 02

4. Inter Risk Angola
Client Service is at the heart of what we do:
INTER RISK is a partnership of COSTA DUARTE and local professional partners. With a thorough
knowledge of the Angolan insurance market, INTER RISK has acquired expertise in areas such as
Transportation, Construction, Commodity Trading, Energy, Manufacturing, Hospitality and Tourism
Resorts, Banking, Distribution, Communications and TV.
We combine local team knowledge with technical and consultancy support from the Outgoing
Co-ordinating team of COSTA DUARTE in Lisbon. Both teams (in Lisbon and Luanda) work as one,
combining fluidly local expertise and proximity with global knowledge and cooperation, as follows:
In partnership with our international partners, we provide the necessary support to our Clients by
monitoring all aspects related to insurance, consultancy and brokerage, namely:
• Advice on risk management and the study, design, negotiation and management of
insurance programs;
• Maximizing coverage and minimizing the restrictions and limitations of insurance;
• Ensuring the competitiveness of the premiums charged;
• Implementation of the best contract wordings;
• Clarifying the scope and limitations of the proposed insurance conditions;
• Checking whether Policies and Endorsements are properly issued;
• Checking insurance premiums and controlling their settlement;
• Preparation of Insurance Summaries and statistical data;
• Assistance in the notification, negotiation and settlement of claims.
Local Insurer
Local Insurer
Local Insurer
Local Client
Central Broker
INTER
RISK
ANGOLA
CostaDuarte
Local Team
Lisbon Team
Flow of Work
Flow of Assistance
African Partner Brokers

5. Ascoma
Headquarters: Monaco
Ownerships: 100% Jutheau Husson family
Staff: 500 employees in Africa
Location in Africa: 22 countries
Ranking: 1st independent broker in Africa
“Your success is
our success.”
03 I 04
Africa Desk
International Management
Ascoma International
(Paris)
For more details or for every need in
Africa, please contact:
Stephanie Bougaran
stephanie.bougaran@ascoma.com
T: (+33) 01 47 42 62 07
M: (+33) 06 82 24 00 14
Information & Reporting
Reporting
Instruction
Request & Incoming Business
Ascoma has been present as an insurance broker for
over six decades and has worked with a great variety of
clients. ASCOMA has acquired expertise in areas such
as Transportation, Logistics, Construction, Commodity
Trading, Energy, Manufacturing, Hospitality and Tourism
Resorts, Banking, Distribution, Communications, Mining,
Forest, Agriculture, Bloodstock, Livestock & Aquaculture,
Rail, Cotton, Tobacco, Pulp & Paper, Utilities,
We operate in 22 sub-saharan countries as a life and
non-life broker and have become the largest privately
owned, independent insurance brokerage firm in French
speaking Africa. All our offices are managed locally and
we make sure our clients receive the same level of service
wherever they are.
Ascoma has a strong knowledge of local legislation
and understands the requirements of the CIMA Code
(same insurance code applying in 14 countries):
• Non admitted not allowed
• 25% retention for all fronting policies
• Imported goods should be covered locally
• Cash before cover
Ascoma handle more than 400 international programs
through its office in Paris “Africa Desk”.
A team of 5 people fully dedicated to handle Incoming and
Outgoing business and managing placement, reinsurance
and international coordination.

6. African Partner Brokers
Solutions and Services in Africa
In summary, the Partner brokers are able to offer
the following:
Insurance Solutions
PROPERTY / BUSINESS INTERRUPTION
CASUALTY
MARINE-CARGO / TRANSPORT
CAR - EAR - DECENNIAL LIABILITY
FINANCIAL RISKS AND PROFESSIONAL INDEMNITY
MOTOR FLEET
PERSONAL ACCIDENT AND TRAVEL
AVIATION
KIDNAP & RANSOM
POLITICAL RISK & CREDIT RISK
AGRICULTURAL RISKS
LIVESTOCK RISKS
EMPLOYEE BENEFITS
SPORTS RISKS
Services
RISK ANALYSIS
RISK ENGINEERING
REINSURANCE
CLAIMS MANAGEMENT
LOSS STATISTICS AND ANALYSIS
INTERNATIONAL COORDINATION
REPORTING: SUMMARIES, MANAGEMENT REPORTS, CLAIMS REPORTS
LOCAL SERVICING IN EACH COUNTRY
LEGISLATION AND LOCAL INSURANCE MARKET ADVICE AND UPDATES

7. 05 I 06

8. African Partner Brokers
Algeria: Maher
Egypt: Care Egypt Ltd
Ethiopia: Belay & Samson Insurance Brokers
Kenya: Chancery Wright
Malawi: Kingfisher Insurance Brokers
Morocco: AFMA
Mozambique: Nacional Brokers
Nigeria: Femi Johnson & Company Ltd
Tanzania: ARIS
Tunisia: U.P.C.A.R
Uganda: Chancery Wright
ASCOMA
Inter Risk Angola
First Equity Group of Companies
Other Independent Brokers
African Partner Brokers

9. Country Broker Employees City Contact
Algeria Maher 10 Algiers kboutra@maher-dz.com
Angola Inter Risk Angola 7 Luanda miguel.bahia@interisk-angola.com
Benin Ascoma 17 Cotonou stephanie.bougaran@ascoma.com
Botswana SATIB 8 Gaberone soneil@satib.com
Burkina Ascoma 5 Ouagadougou stephanie.bougaran@ascoma.com
Burundi Ascoma 11 Bujumbura stephanie.bougaran@ascoma.com
Cameroon Ascoma 77 Douala stephanie.bougaran@ascoma.com
CAR Ascoma 14 Bangui stephanie.bougaran@ascoma.com
Chad Ascoma 7 Nojamena stephanie.bougaran@ascoma.com
Congo Ascoma 20 Brazzaville stephanie.bougaran@ascoma.com
Egypt Care Egypt 18 Cairo care.eg@link.net
Eq. Guinea Ascoma 16 Malabo stephanie.bougaran@ascoma.com
Ethiopia Belay & Samson 7 Addis Ababa b.e.s.t@ethionet.et
Gabon Ascoma 114 Libreville stephanie.bougaran@ascoma.com
Ghana Ascoma 10 Accra stephanie.bougaran@ascoma.com
Guinea Ascoma 3 Conakry stephanie.bougaran@ascoma.com
Ivory Coast Ascoma 67 Abidjan stephanie.bougaran@ascoma.com
Kenya Chancery Wright 51 Nairobi, Mombasa skinuthia@chancerywright.com
Malawi Kingfisher 35 Blantyre & 3 other lsapanga@kingfisher.mw
Madagascar Ascoma 14 Antananarivo stephanie.bougaran@ascoma.com
Mali Ascoma 3 Bamako stephanie.bougaran@ascoma.com
Mauritania Ascoma 6 Nouakchott stephanie.bougaran@ascoma.com
Morocco AFMA 212 Agadar, Casablanca, Fes, Oujda,
Rabat, Tangep
abdelwahab.nougaoui@afmagroup.ma
Mozambique Nacional Brokers 23 Maputo jeannette@nacionalbrokers.com
Namibia SATIB 4 Windhoek johan@satib.com
Niger Ascoma 4 Niamey stephanie.bougaran@ascoma.com
Nigeria Femi Johnson 23 Abuja,Ibadan, Lagos, Portharcourt JohnsonDA@marshfjc.com
Rwanda Ascoma 7 Kigali stephanie.bougaran@ascoma.com
Senegal Ascoma 11 Dakar stephanie.bougaran@ascoma.com
Sierra Leone Ascoma 2 Freetown stephanie.bougaran@ascoma.com
South Africa firstEquity 184 Cape Town, Durban, Grahamstown,
Johannesburg, Nelspruit
seamusc@firstequity.co.za
Tanzania ARIS 43 Dar Es Salaam osumod@aris.co.tz
Tunisia U.P.C.A.R 19 Tunis upcar@planet.tn
Togo Ascoma 5 Lome stephanie.bougaran@ascoma.com
Uganda Chancery Wright 7 Kampala gkinwauka@ug.chancerywright.com
Zambia SATIB 3 Lusaka sean@satib.com
Zimbabwe SATIB 11 Bulawayo, Harare dstephens@satib.co.zw
Lockton Global - Office Details
07 I 08

12. Lockton Companies LLP. Authorised and regulated by the Financial Conduct Authority.
A Lloyd’s broker Registered in England & Wales at The St Botolph Building, 138 Houndsditch, London, EC3A 7AG.
Company No. OC353198. LLP704g.
www.lockton.com
Our Mission
To be the worldwide value and service leader in insurance brokerage and risk management
Our Goal
To be the best place to do business and to work
SM