Meet the Team
The Africa Specialty Risks team is extremely diverse and has extensive experience of living and working across Africa. Through our local market networks and partnerships, ASR have unique access and insight to local business.
Our Investors
ASR is backed by long-term investors who share our vision for building a developing markets specialty business.
The quality and long-term nature of our investor base provides ASR with the access to stable capital required to successfully execute on our business model.
Helios Investment Partners are the largest Africa-focused private investment firm, with a record that spans creating start-ups to providing established companies with growth capital and expertise.
BII is owned by the UK Government (though the government is not involved with the firms operations) and has GBP 7.5bn billion in total assets and invests between GBP 1.5bn-2.0bn annually in developing markets.
IFC is an international financial institution that offers investment, advisory, and asset management services to encourage private-sector development in less developed countries to create markets that open opportunities for all. In fiscal year 2022, IFC committed a record USD 32.8 billion to private companies & financial institutions in developing countries. The IFC is a sister organization of the World Bank and member of the World Bank Group
Our Ratings
ASR operates a unique platform which is underpinned by a co-insurance model, ensuring we share in each and every risk we underwrite.
We operate multiple balance sheet platforms which allow us to be a leading underwriting firm as well as a risk assumption organisation, in which we share the risk with our partners who we underwrite on behalf of.
Lloyd’s
Launched in 2024, ASR operates Syndicate 2454 at Lloyd’s which allows us to underwrite risks throughout global markets thanks to Lloyd’s licensing arrangements. We have approved Lloyd’s service companies in Morocco, Dubai and Mauritius which allows us to work with local brokers in these markets on a direct basis.
ASR benefits from the credit and financial strength ratings attributed to the Lloyd’s market which include AA- from S&P, AA- from Fitch, AA- from Kroll and A from AM Best.
Baobab Consortium
Our flagship consortium in the Lloyd’s market is Baobab, which provides partner Syndicates with access to African risks. Launched in January 2025, Baobab offers up to $25 million in capacity per risk across most of ASR’s underwriting lines. Consortium partners include leading syndicates Munich Re and Brit.
Bermuda
Since 2024, ASR has operated a fully capitalised Bermuda insurance company which allows us to write a range of risks in the island’s global wholesale market. Our Bermuda entity has been awarded the credit ratings of Baa1 from Moody’s and BBB+ from Fitch with a positive outlook.
Mauritius
The Mauritian market is a key hub for ASR to operate into Africa. Our platform in the country is a key focus for our Captives offering, which are structured and advised on by staff from our Mauritian entity.