Helios-backed Africa Specialty Risks launches new captive solutions offering

Africa Specialty Risks (ASR), the pan-African focused reinsurance group backed by Helios Investment Partners, announced that it has launched a new captive solutions offering.

ASR’s captive solutions offering enables corporates and financial institutions to have greater control and flexibility over their insurance programmes.

Mikir Shah, CEO of ASR commented, “Our captive solution offering is focused on a partnership model, backed by our expert underwriters. It includes establishing, managing and administering the captive, while deploying our own capacity and sharing the risk alongside the captive owner. This unique captive structure can proactively lower total cost of risk, enhance risk management, and also turn the captive into a profit centre.”

Krishna Bheenick, managing director of ASR Mauritius commented, “Companies operating in and across Africa are faced by a sustained lack of insurance capacity. With the launch of this new Captive Solutions offering, we are now the go-to partner, helping companies de-risk investments and business operations by alleviating capacity constraints and improving speed to market.”

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