David Maslo appointed CEO of African Risk Capacity Ltd

African Risk Capacity Limited (ARC Ltd.) the financial affiliate and parametric insurance underwriting entity of the African Risk Capacity (ARC) Group, has appointed David Maslo as its permanent CEO, following his successful tenure as interim leader during a period of significant transformation for the company.

In June 2025, the Board of ARC Ltd. appointed Maslo as Interim CEO, following his tenure as Chief Risk Management Officer at the Caribbean Catastrophe Risk Insurance Facility Segregated Portfolio Company (CCRIF SPC).

During his tenure as Interim CEO, Maslo led the company through a significant period of transformation as it achieved its strongest annual financial performance since inception, with premium earnings hitting a record high last year.

Under his leadership, ARC Ltd. also expanded its multi-peril offering to include sovereign flood insurance, and launched its Re-Takaful facility.

Overall, Maslo brings more than 20 years of senior leadership experience across Africa and the global insurance sectors.

As well as this, he also has extensive expertise in climate and disaster risk financing across Africa and the Caribbean, including a strong track record in institutional transformation, strategic growth and risk-financing innovation.

Cecilia Akintomide, Chairperson of the Board of Directors of ARC Ltd., commented: “ARC’s ambition is clear: to help close Africa’s protection gap, reach more countries and communities, and make resilience a shared reality on the continent. Under David’s leadership, I am confident that ARC Ltd. will continue to scale innovative risk-financing solutions. It will also strengthen the continent’s resilience to climate-related, health and other catastrophic risks, and support Africa’s wider sustainable development agenda.”

Commenting on his appointment, David Maslo, Chief Executive Officer of ARC Ltd, said: “It is an honour to lead African Risk Capacity Ltd at this important moment in Africa’s economic development. ARC has a vital role in helping African governments and their partners anticipate, finance and respond to disasters before they become humanitarian crises.

“I look forward to working closely with the African Union, our development and other partners, shareholders and the ARC team to deliver ARC’s mandate in support of African countries. At the same time, we will advance our transformation strategy, expand innovative risk-financing solutions and strengthen resilience across Africa.”

He continued: “Our focus will be on building a stronger, more agile and more impactful ARC Ltd. We will deepen trust, expand access to protection, mobilise new partnerships and help ensure that African countries are better prepared for the risks of tomorrow.”

Under Maslo’s leadership as CEO, ARC Ltd. said that it will work to accelerate its transformation and deepen its role as a trusted development partner as it looks to support governments and eligible entities with insurance and risk financing solutions.