Africa Specialty Risks: creation of a Lloyd's syndicate

Africa Specialty Risks (ASR) has been granted "in principle" approval to launch a Lloyd's of London syndicate.

This initial approval is conditional on further financial and operational work to secure the final authorization.

Called "ASR Syndicate 2454", the new entity will be managed by Apollo Syndicate Management.

The new syndicate is scheduled to begin operations in March 2024. It will underwrite several classes of business including political risk and trade credit, political violence and terrorism, energy, parametric insurance, property damage, liability and treaty.