The Reinsurer of Choice for the African Specialty Market
Our Timeline
Since ASR wrote its first risk in February 2021, the company has gone from strength to strength.
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April 2024ASR Syndicate 2454 Launched at Lloyd’s
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March 2024ASR signs an agreement with another A Rated capacity provider
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Dec 2023Lloyd’s council approves ASR Syndicate “in principle”
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Oct 2023ASR Re Limited Rated Baa1 Stable by Moody’s
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Sep 2023ASR hits USD 200m GWP
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July 2023ASR signs a binder with another A Rated Capacity provider
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Mar 2023ASR’s Binder with Ocean Re Incepts
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Feb 2023ASR is approved as a Lloyd’s Coverholder
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Jan 2023ASR’s Binder with SCR incepts
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Dec 2022ASR writes first ever Mozambique Cyclone Parametric Reinsurance Program
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Dec 2022ASR hits 100m GWP
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Dec 2022
ASR’s binder with Africa re incepted
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Nov 2022ASR is Awarded Casablanca Finance City Status
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Aug 2021ASR’s Bermuda Reinsurer was licenced
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July 2021
ASR gained extra PVT capacity through our binder with Atrium
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Feb 2021ASR wrote our first risk
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Feb 2021
Binders with Peak Re and GIC incepted and our Common Account Retrocesssion Incepted
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Dec 2020Africa Specialty Risks Reinsurer (Mauritius) obtains license
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Aug 2020ASR was launched in London with 8 employees
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 highly sophisticated investors who have taken a long-term approach to their investment and share our vision for building a market leading 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
FinDev Canada is Canada’s development finance institution (DFI), supporting the private sector in developing markets to promote sustainable development providing financial services aimed at growing the local private sector in developing countries. FinDev Canada is a wholly owned subsidiary of EDC, which is wholly owned by the Government of Canada.
Corporate Governance
Our policies and corporate governance form the backbone of responsible decision-making and ethical behavior at ASR.