Africa Specialty Risks (ASR), the pan-African focused reinsurance group, has appointed Krishna Bheenick as Managing Director in Mauritius.
Bheenick brings a wealth of experience in the Insurance and wider Financial Services sector in Mauritius and internationally, having held senior positions at SWAN General, Mauritius Commercial Bank, XL Catlin Insurance (UK), Munich Mauritius Reinsurance Company and Munich Re of Africa, among others.
Krishna will lead ASR’s operations in Mauritius, where the company is now seeking to recruit across all levels, specifically within the Underwriting, Compliance, Finance, and Business Administration departments.
Mikir Shah, CEO of ASR, commented: “We are delighted to be welcoming Krishna on board as our Managing Director in Mauritius. This marks a significant milestone for ASR as we seek to build our business locally in order to serve the growing needs of the African continent.
“With his vast expertise in the reinsurance market locally and internationally, and his deep understanding of African markets, Krishna will be a key member of our team as we continue to develop the business.
“We know that Mauritius has a well-established pool of qualified professionals in the Reinsurance and broader Financial Services arena, and we are now looking forward to making further hires in the coming weeks to strengthen our team.”
Bheenick added: “I am excited to be joining ASR in Mauritius and I look forward to working with colleagues to establish the operations here. Mauritius is a key financial hub for the Continent and offers significant opportunities to grow the business.
“ASR will provide additional African-domiciled capacity in the market, especially in the light of the pandemic which has led a number of global reinsurers to focus more on their home markets.”
In addition to the operations in Mauritius, ASR has announced plans to establish hubs in six other African countries, namely Morocco, Kenya, South Africa, Cote d’Ivoire, Egypt and Nigeria.
It will also look to invest in local training of the market in specialty insurance lines, as well as recruitment and infrastructure surrounding the hubs.
