Africa Specialty Risks (ASR), the pan-African focused reinsurance group, has launched a captive solutions offering. Its new captive solution offering is focused on a partnership model. It includes the establishment, management and administration of the captive, while deploying its capacity and sharing the risk alongside the captive owner. ASR says its product “[will] enable corporates and financial institutions to have greater control and flexibility over their insurance programmes.” Commenting on the launch, Mikir Shah, CEO of ASR, says: “This unique captive structure can proactively lower the total cost of risk, enhance risk management and also turn the captive into a profit centre.” Krishna Bheenik, managing director of ASR Mauritius, adds: “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.”
