Africa Specialty Risks (ASR) has launched liability capacity with the appointment of Martin Boreham as head of liability underwriting.
The pan-Africa-focused reinsurance group will specialise in offering liability solutions cover across a number of lines including liability, professional indemnity, D&O and financial lines.
ASR will offer tailored liability insurance throughout Africa across a wide range of industries. “The liability division will write products proportionally or non-proportionally and is looking forward to working with and writing risks for well-managed and presented businesses that have a strong risk management ethos,” said ASR.
Mikir Shah, CEO of ASR, said: “De-risking and facilitating inward investment across Africa is core to our values, shaping our growth as we continue to do business across the continent. The launch of the liability business line increases ASR’s coverage offering to businesses all over Africa. Martin’s experience will undoubtedly be an asset to the whole ASR team – we are very pleased to be welcoming him to the group.”
Mr Boreham has more than 30 years’ experience within the insurance industry and joins ASR after eight years at MS Amlin, where he was the product lead for international casualty. Prior to this role, he was portfolio manager at QBE and London casualty business leader at GE Insurance.
“I was drawn to the passion and ambition of Mikir, Bryan and the whole ASR team. The quality and depth of knowledge throughout the business forms a great building block to drive ASR forward through the African continent and beyond,” said Mr Boreham.
ASR was launched by Helios Investment Partners in partnership with Mikir Shah, former CEO of AXA Africa Specialty Risks, and Bryan Howett, former CEO of Old Mutual’s pan-African reinsurance operations. It recently launched a construction line with the appointment of James Cronje.