Africa’s first development-focused parametric insurer, African Risk Capacity Limited (ARC Ltd.), has handed Interim Chief Executive Officer (CEO), David Maslo, the role on a permanent basis, after he successfully led the firm through a period of significant transformation.
The Board of ARC Ltd. appointed Maslo as Interim CEO in June 2025, following his tenure as Chief Risk Management Officer at the Caribbean Catastrophe Risk Insurance Facility Segregated Portfolio Company (CCRIF SPC).
As Interim CEO, he led the company as it achieved its strongest annual financial performance since inception, with premium earnings hitting a record high last year, while ARC Ltd. also expanded its multi-peril offering to include sovereign flood insurance, and launched its Re-Takaful facility.
Under his leadership as CEO, ARC Ltd. states that it will work to accelerate its transformation, deepen its role as a trusted development partner as it looks to support governments and eligible entities with insurance and risk financing solutions.
Cecilia Akintomide, Chairperson of the Board of Directors of ARC Ltd., said: “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.”
Maslo commented: “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.
“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.
