African Risk Capacity Limited (ARC Ltd.) has appointed David Maslo as its Chief Executive Officer. ARC Ltd. is Africa’s first development-focused parametric insurer. It provides risk insurance and financing solutions for natural disasters to African governments, eligible non-sovereign entities and development partners.

 Mr Maslo brings more than two decades of senior leadership experience across Africa and the global insurance sectors. He also has extensive experience in climate and disaster risk financing in Africa and the Caribbean, including a strong track record in institutional transformation, strategic growth and risk-financing innovation.

 Most recently, as Interim Chief Executive Officer of ARC Ltd, he led the organisation through a period of significant transformation and delivered its strongest annual financial performance since inception. Under his leadership, premium earnings reached a record high in 2025. The organisation expanded its multi-peril offering with the roll-out of sovereign flood insurance, launched its Re-Takaful facility, accelerated the organisation's relocation to Abidjan, Côte d’Ivoire, and continued to strengthen ARC's position as Africa's leading provider of innovative disaster risk financing solutions.

 Announcing the appointment, 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.” 

 Commenting on his appointment, David Maslo, Chief Executive Officer of ARC Ltd, said:

 “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.”

 Mr Maslo’s appointment comes at a defining time. African countries face increasing exposure to climate-related shocks, agriculture and food security challenges, public health emergencies such as Ebola, and other catastrophic risks. 

 Under his leadership, ARC Ltd. will seek to accelerate its transformation, deepen its role as a trusted development partner and support governments and eligible entities with innovative insurance and risk-financing solutions that protect lives, livelihoods and economic progress.