Africa Risk Capabilities Ltd. (ARC Ltd.), Africa’s first development-focused parametric insurance company, has permanently appointed David Maslo as its interim Chief Executive Officer (CEO) after successfully leading the company through a period of significant transformation.
The ARC Ltd. board of directors appointed Maslo as interim CEO in June 2025. He previously served as chief risk management officer of the Caribbean Catastrophe Risk Insurance Fund Separate Portfolio Company (CCRIF SPC).
As interim CEO, he led the company to its strongest annual financial performance since its inception, with premium revenue reaching a record high last year, while ARC Ltd. also expanded its multi-risk product range to include sovereign flood insurance and launched the Re-Takaful facility.
ARC Ltd. said that under his leadership as CEO, the company will work to accelerate its transformation, deepen its role as a trusted development partner and seek to support governments and eligible entities with insurance and risk financing solutions.
Cecilia Akintomide, Chair of the Board of Directors of ARC Ltd., said: “ARC’s goal is clear: to help close Africa’s protection gaps, reach more countries and communities, and make resilience a common reality on the continent. Under David’s leadership, I am confident that ARC Ltd. will continue to expand innovative risk financing solutions. This will also increase the continent’s resilience to climate-related risks, health risks and other catastrophic risks, and support Africa’s broader sustainable development agenda.”
Maslow said: “I am honored to lead Africa Risk Capabilities Ltd at this important moment in Africa’s economic development. ARC plays a vital role in helping African governments and their partners predict, finance and respond to disasters before they turn into humanitarian crises.
“I look forward to working closely with the African Union, our development and other partners, shareholders and the ARC team to deliver on ARC’s mission to support African countries. At the same time, we will advance our transformation strategy, scale innovative risk financing solutions and build 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, mobilize new partnerships and help ensure African countries are better prepared for future risks.
