ASR will now be able to bring Lloyd’s capacity to Africa. Photo by James Wiseman on Unsplash.

Africa Specialty Risks (ASR), a pan-African-focused reinsurance company, has secured approval as a cover holder at specialist insurance and reinsurance market Lloyd’s.

The authorisation will enable ASR to work with Lloyd’s syndicates and manage delegated authorities for specialist lines of business starting with political violence and terrorism.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

It will also allow ASR to leverage Lloyd’s brand and licences to bring Lloyd’s capacity to Africa.

Having provided reinsurance in several lines of business in 47 African nations, ASR claims that it can promote Lloyd’s brand and solutions throughout Africa.

Lloyd’s head of Africa Amit Khilosia said: “I am extremely proud to welcome ASR to Lloyd’s as a cover holder. This demonstrates our shared commitment to Africa and very much look forward to working with ASR to deliver efficient access to Lloyd’s products and capacity.”

ASR director of underwriting and head of liability Martin Boreham said: “ASR is the only Africa-focused (re)insurance capacity provider with a comprehensive corporate and speciality risk mitigation offering. Lloyds Coverholder status enables ASR to enhance and complement Lloyd’s existing footprint in and across the African continent.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

ASR director of underwriting and head of property Brian McGregor said: “This is mutually beneficial, broadening Lloyd’s reach in Africa and allowing ASR to deepen its relationship with the world’s leading insurance market.”

In August 2021, ASR set up a reinsurance entity in Bermuda to offer a suite of products such as political risk & trade credit, political violence & terrorism, property, and energy, among others.