
– Chief Executive Officer
Sey Re MGA Limited is a company registered to write insurance and reinsurance risks in Mauritius, and which is an extension of SeyRe Global Limited (SeyRe – Global).
SeyRe Global Limited is incorporated in the island of Barbados, a highly respected domicile providing an ideal environment for international business, with a vision to offer unparalleled services to the insurance markets of Africa and beyond. SeyRe Global is licensed as a class 2 license authorized to engage in insurance and reinsurance business from within Barbados by Financial Services Commission, Barbados and the company takes pride in offering high standards of professionalism, independent, and innovative services.
MGAs are insurance intermediaries, but unlike retail and wholesale brokers, they are granted binding authority from re/insurance partners whichallows them to quote and bind policies that fit within the agreed-upon risk parameters of their re/insurer relationships for a fee.
Why Mauritius? – Insurance Industry in Mauritius is the gateway to Africa and offers a significant growth potential to the Company, with macro gross premiums of $522.557 million written in 2022. Furthermore, Mauritius was the third fastest growing economy in the Southern African region (4.1%) in 2018. Sey Re MGA Limited recognizes this opportunity and has opened an office in Mauritius to handle clients within Africa and aims to further create a momentum in the reinsurance sector and provide value-added contribution in the African region through the Mauritius International Financial Centre.


In addition, Mauritius boasts several features, inter alia;
- Hybrid legal system and Pool of professional labour
- Business friendly environment and competitive taxation regime
- Extensive Double Taxation Avoidance Agreements
- Dynamic lifestyle
- Preferential market access to EU, US, Asia and Africa
- Modern infrastructure and state of the art technology
- Political and Economic stability.
Mauritius according to industry leaders has a globally recognised regulatory regime and has strategic, financial, and operational benefits associated with geographical expansion for reinsurers, brokers, independent MGAs, and EU service companies. Sey Re MGA Limited as an extension of SeyRe Global is determined to resolve the rating gap experienced by Sey Re Global and to narrow the income gap as a result of the absence of a great rating. Sey Re MGA Limited offers comprehensive coverage for property & casualty, miscellaneous accident (selected), mega risks coverage and treaties using rated binders. This ultimately provides capacity for these markets Sub-Saharan Africa, Middle East and Asian markets that require a rated paper before ceding businesses to Seychelles Re Global and Line Slip providers based on the territorial limits. With the unique expertise led by Sam Okoth, Sey Re MGA provides solutions in engineering, power plants, oil and gas, and commercial fire (mega risks) insurance as well as limited treaty capacity in Sub-Saharan Africa, Middle East and Asia.


Leveraging Sey Re MGA’s underwriting expertise in specialised niches will help differentiate Sey Re MGA from other providers and attract a broad range of additional new business opportunities. Sey Re MGA earns revenue from 3 sources, namely commissions, underwriting fees, and performance-based commissions with the object of enhancing overall profitability and sustainability. By focusing on these revenue streams, Sey Re MGA is building long-lasting relationships with clients and partners, ensuring mutual success in an increasingly competitive market.