Africa Specialty Risks partners with Sava Re for $10m in capacity

From Yahoo Finance: 2025-03-25 12:49:00

Africa Specialty Risks (ASR) has secured up to $10m in line size from Slovenia-based reinsurance company Sava Re. The agreement aims to provide Sava Re with enhanced access to risks in Africa, the Middle East, and other developing markets. Sava Re, servicing over 450 partners globally, praised ASR’s strong distribution network and underwriting capabilities. ASR CEO Mikir Shah highlighted the demand for specialty insurance solutions in growth economies. Earlier this month, ASR received authorization for ASR North Africa to operate as a Lloyd’s service company, allowing underwriting on behalf of Syndicate 2454 in Morocco and north-west Africa.



Read more at Yahoo Finance: Africa Specialty Risks secures Sava Re capacity