African Risk Capacity confirms David Maslo as new CEO

African Risk Capacity Limited (ARC Ltd.), Africa’s first development-focused parametric insurer, has appointed David Maslo as its new Chief Executive Officer, reinforcing its commitment to expanding innovative climate and disaster risk financing solutions across the continent.

The appointment comes at a pivotal time as African nations face growing exposure to climate-related disasters, food insecurity, public health emergencies, and other catastrophic risks. ARC Ltd. provides insurance and risk financing solutions that help African governments, eligible non-sovereign entities, and development partners respond more effectively to natural disasters before they escalate into humanitarian crises.

Maslo brings more than 20 years of leadership experience across Africa and the global insurance industry. He has built a strong reputation in climate and disaster risk financing, having led transformational initiatives across Africa and the Caribbean while driving institutional growth and innovation.

Before his permanent appointment, Maslo served as Interim Chief Executive Officer, during which he oversaw one of the most successful periods in ARC Ltd.’s history. Under his leadership, the organisation recorded its strongest financial performance since inception, with premium earnings reaching an all-time high in 2025.

He also spearheaded several strategic milestones, including the introduction of sovereign flood insurance, the launch of the company’s Re-Takaful facility, and the accelerated relocation of ARC Ltd.’s headquarters to Abidjan, Côte d’Ivoire. These initiatives further strengthened the organisation’s position as Africa’s leading provider of innovative disaster risk financing solutions.

Announcing the appointment, Chairperson of the Board of Directors, Cecilia Akintomide, said Maslo’s leadership would help accelerate the organisation’s mission of strengthening resilience across the continent.

ALSO READ: MONIEPOINT STRENGTHENS BANKING AMBITIONS IN KENYA WITH NEW CEO

“ARC’s ambition is clear: to help close Africa’s protection gap, reach more countries and communities, and make resilience a shared reality across the continent. Under David’s leadership, I am confident ARC Ltd. will continue to scale innovative risk-financing solutions while supporting Africa’s broader sustainable development agenda,” she said.

Commenting on his appointment, Maslo described the role as an opportunity to strengthen disaster preparedness and resilience across Africa.

“It is an honour to lead African Risk Capacity Ltd at this important moment in Africa’s economic development. ARC plays a vital role in helping African governments and their partners anticipate, finance and respond to disasters before they become humanitarian crises,” he said.

He added that the organisation would continue working closely with the African Union, shareholders, development partners, and governments to expand access to innovative insurance products, build new partnerships, and enhance disaster preparedness across the continent.

Maslo’s appointment signals ARC Ltd.’s intention to accelerate its transformation strategy while broadening access to insurance and risk-financing solutions that safeguard lives, livelihoods, and economic development. As climate-related risks continue to intensify, the organisation aims to play an even greater role in helping African countries build long-term resilience through sustainable financial protection mechanisms.