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    About AXA Africa Specialty Risks

    Welcome to AXA Africa Specialty Risks. Find out more about us, what we do and how we do it below.

    Read AXA Essentials 2017

  • About Us

    AXA Africa Specialty Risks: Our Mission

    Our mission: To focus on our clients and facilitate growth in Africa

    AXA Africa Specialty Risks was formed in May 2016 to provide local and international businesses investing and trading in Africa access to the full range of insurance and risk mitigation tools on the market. Our holistic approach to risk cover also gives banks, debt and equity investors the confidence to lend to projects and business ventures in the region.

    Our philosophy is not to wait for business to come to us in the underwriting box in London. We instead take a proactive approach – finding and working with clients on the ground in Africa, in order to understand their specific needs and provide solutions. We have already seen Africa make great progress. By helping local economies to grow, local infrastructure can improve and business can flourish. Working hand-in-glove with our clients – offering them proper risk management tools, insurance cover and a chance to make their business more sustainable – we can look forward to further growth.

  • Our People

    Our People: Characterised by experience and expertise

    Our people have years of in-depth experience of the insurance market, maintain close connections to Africa, and specialise in providing corporate advice to business across the continent. We count on underwriters with the entrepreneurial spirit and enthusiasm of their clients, who thoroughly understand and can pinpoint each and every risk faced by businesses and investors in Africa. Crucially, they know how to accurately price them – increasing the viability of many deals, projects and investments.

    Our staff understand the local markets, speak the language of our clients, and appreciate their needs. Our underwriters maintain close and regular contact with brokers, local insurers and end-clients. This connectivity to our key stakeholders is crucial to our service and offering.

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    Our Foundations: Built on strong collaboration

    As a special purpose syndicate, AXA Africa Specialty Risks benefits from the close collaboration of industry-leading practitioners. It combines the reach and strong balance sheet of global insurance provider AXA with the expertise, innovation and flexibility of underwriters at Lloyds of London – both of which boast robust international credit ratings (AA- from Fitch and A+ from S&P Global Ratings).

    We have partnered with Lloyd’s underwriter Chaucer in order to offer specialist cover to our clients. The emerging market-focused underwriter is a market leader in pricing energy, political risk, trade credit, and political violence and terrorism risks in Africa. Leveraging the know-how of AXA’s subsidiary, AXA MATRIX, we can tap the resources of specialist engineers to pinpoint key risks and highlight how to manage them. We only work with the best: from well-connected brokers, who understand their client needs and have access to the decision makers, to leading law firms, which can help our clients structure their deals.

  • Our Partners

    AXA Africa Specialty Risks and Chaucer

    AXA Africa Specialty works through our coverholder, Chaucer Syndicate 1084 and AXA Africa Specialty Risks 6130.

    Our partnership with Chaucer

    In 2016, AXA ASR and Chaucer launched a partnership to write African specialty insurance business through Lloyd’s, offering clients the benefits of exceptional local service delivery with the specialised underwriting expertise in which London excels.

    About Chaucer Syndicates

    Chaucer is a leading insurance group underwriting risks at Lloyd’s, the world’s specialist insurance market. We deploy specialist underwriters in all major insurance and reinsurance classes, including aviation, casualty, energy, marine, property and treaty.
    Chaucer is the focus of international operations for The Hanover Insurance Group, Inc. Based in Worcester, Massachusetts. Hanover is the holding company for several property and casualty insurance companies, together constituting one of the largest insurance businesses in the United States.

  • AXA Africa Specialty Risks at Lloyd's

    AXA Africa Specialty Risks focuses on Specialty & Corporate lines, with coverage and an on-the-ground presence across Africa. We combine the reach and strength of one of the largest global P&C insurers with the expertise of Lloyd’s and Chaucer in these classes.

    About Lloyd's

    Lloyd's is the world's specialist insurance and reinsurance market led by expert underwriters and brokers who cover more than 200 territories, the Lloyd’s market develops the essential, complex and critical insurance needed to underwrite human progress.

    Backed by diverse global capital and excellent financial ratings, Lloyd’s works with a global network to grow the insured world – building resilience for businesses and local communities and strengthening economic growth around the world.

    Financial Ratings

    AXA and Lloyd’s both have excellent international financial strength ratings (AA- by Fitch and A+ by Standard & Poor’s).

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