Secure the Future, Insure the Journey
Pioneering protection for investors and businesses in the African and Middle Eastern markets, from initial investment through construction to operation.
About Us
Africa Specialty Risks (ASR) is enabling sustainable economic development by fulfilling unmet insurance needs. Our platform provides local underwriting expertise, an unparalleled distribution network and access to global capacity.
Founded in the heart of Africa and with offices across the continent and the Middle East, we provide regional market knowledge, data insights, and technical proficiency for capital partners who are looking to increase their presence in growth markets.
We also participate on each and every risk we underwrite with balance sheets in Bermuda, Mauritius and through Syndicate 2454 at Lloyd’s. ASR is committed to accelerating business growth by providing customised service and innovative insurance products to enable development.
Dive In
The upcoming Dive In Festival 2024, led by Lloyd’s, is a movement that champions diversity, equity and inclusion, and we are proud to be a global festival partner for the first time! 2024 marks its 10th Anniversary and ASR is hosting three webinars in partnership with AON.
👥 Register for free at Home – Dive In Festival | 24-26 September 2024:
• A Future-Proof Nigeria; Strategies For Sustainable Insurance Adoption
• Exploring the Possibilities of Sustainable Insurance Growth for Namibia’s Future
• Promoting Well-Being – Addressing Mental Health in the Workplace
Our Impact
ASR assists in unlocking the investment needed to develop new green projects to accelerate the transition to Net Zero. We provide innovative risk transfer solutions using data and analytics which plays a very tactical role in unlocking capital, and which will meet the demand of customers. ASR ensures the consistent application of Environmental, Social, and Governance (ESG) processes in our insurance activities which is crucial for mitigating risks and maximizing the positive impact of opportunities emerging from ESG trends.
How ASR is making an impact
Africa Specialty Risks and PULA launched a $105 million hybrid weather and area yield cover in Zambia to address food insecurity caused by environmental factors, supporting farmers and fostering agricultural innovation.
How ASR is making an impact
Africa Specialty Risks ensures solar farm bankability with a parametric insurance solution that triggers payouts when energy prices fall below production costs, attracting investors for funding and growth.
How ASR is making an impact
Africa Specialty Risks and PULA devised a trigger-based windspeed and rainfall cover to shield vulnerable populations, like Mozambique, from escalating cyclone threats, streamlining claims for faster recovery and bolstering regional resilience.
How ASR is making an impact
Africa Specialty Risks provides insurance for geothermal plants, ensuring stable energy sources unaffected by weather, reducing reliance on fossil fuels. This supports sustainable energy infrastructure growth, safeguarding continuous electricity access in East Africa for critical services during emergencies.
How ASR is making an impact
Africa Specialty Risks supports Zambia’s electricity needs by insuring vital hydro plants, reducing blackouts and meeting the demands of 17 million people. Within two years, one plant increased Zambia’s power capacity by 7.5%, providing electricity to 50,000 more individuals and ending reliance on imported power for the first time.
Lines of Business
-
Captive Solutions
Locations
United Kingdom
88 Leadenhall Street,
London,
EC3A 3BP
Morocco
5éme Etage Tour CFC,
Lot 57, Quatier Casa Anfa,
Avenue Main Street,
Hay Hassani,
Casablanca
Bermuda
Point House,
6 Front Street,
Hamilton 11
Mauritius
1st floor,
Ebène Skies,
Rue de l’Institut,
Ebène
Dubai
Level 15,
The Gate Building,
East Wing,
DIFC,
Dubai
Media
ASR’s latest news and milestones
-
-
-
-
-
December 11, 2024
Africa Specialty Risks Signs Binding Authority Agreements with Eureka Re