Africa Specialty Risks launches as a Lloyd's service company in Africa to address insurance gap, aiming to underwrite risks up to $10 million.

Africa Specialty Risks (ASR) has launched operations as a Lloyd's service company in Africa to address the continent's insurance gap. CEO Mikir Shah stated this initiative aims to enhance access for local brokers and improve the distribution of Lloyd's capacity. ASR can underwrite risks up to $10 million across multiple sectors, leveraging Lloyd's global brand to support its goal of generating approximately £70 million in gross premiums for 2024.

October 04, 2024
5 Articles