Africa Specialty Risks

Africa Specialty Risks (ASR) is a leading insurance startup with a mission to "Protect Africa". Founded in 2020, the company offers comprehensive risk mitigating solutions through high-quality underwriting to local and global customers across Africa and the Middle East. ASR operates in London, Mauritius, Bermuda, and Morocco, and has played a significant role in the de-risking of $23 billion of projects and assets across 62 countries since February 2021. One of ASR's unique features is its co-reinsurance model, which involves collaborating with both local and international (re)insurance companies. In 2024, the company launched Syndicate 2454, the first African-focused syndicate writing business at Lloyd’s. ASR underwrites a wide range of risks including Political Risk, Trade Credit, Political Violence & Terrorism, Property, Energy, Construction, Liability, Parametric and Treaty. Additionally, the company offers an end-to-end captive solution to corporate and financial institutions. ASR benefits from the backing of Helios Investment Partners’ Fund IV, leveraging their extensive reach across Africa, as well as their knowledge and experience in ASR’s key markets. With its strong foothold in the insurance and commercial insurance industries and its impressive track record, ASR presents an attractive opportunity for potential investors seeking exposure to the African and Middle Eastern insurance markets.