ASR is Now Underwriting in Mauritius

The latest from ASR for you;

Africa Specialty Risks (“ASR”), the African and Middle East focused (re)insurance group, announces that Africa Specialty Risks Mauritius is operating as a Lloyd’s service company, allowing it to underwrite business in Mauritius for Syndicate 2454, the recently launched first African focused syndicate at Lloyd’s.

This is the first African focused Lloyd’s service company operating from Mauritius. Syndicate 2454 began writing business at Lloyd’s in April 2024, and is forecast to write £125 million of gross premium in 2025, focusing on underwriting ASR’s existing lines of business. It is the first syndicate to be focused on writing African business, which currently only represents 2% of all Lloyd’s business.

Mauritius is the first location in Africa where ASR is operating as a Lloyd’s service company, underwriting on behalf of its Lloyd’s Syndicate 2454, further enhancing Mauritius’ reputation as a growing reinsurance hub for Africa.

By leveraging ASR’s specialist (re)insurance knowledge at its Mauritius hub, which has grown to 40 employees since its opening in 2021, the company’s ability to write on Lloyd’s paper in Mauritius further enhances its capability to deploy specialist capacity across the continent and reduce the insurance gap. This local approach to underwriting enhances the African footprint of both ASR and Lloyd’s, enabling both entities to better serve African clients directly from Africa.

ASR Re is a fully capitalised and licensed reinsurer in Mauritius, providing African domiciled capacity to the continent.