Charting Disaster Resilience: MOU Signals Sovereign Risk Pool’s Commitment
JOHANNESBURG – A recent sovereign risk pools summit hosted by the Centre for Disaster Protection and Gallagher Re has resulted in a joint Memorandum of Understanding. Held on 5 October 2023, the summit facilitated strategic engagement for the CEOs of African Risk Capacity Limited (ARC Ltd, a financial affiliate of the ARC Group), the Pacific […]
Upscaling and risk-layering for climate resilience in Malawi
JOHANNESBURG – African Risk Capacity (ARC) Ltd. has come on board to assist the Malawi Government with an insurance innovation that will scale up the World Bank’s Social Support for Resilient Livelihoods Project (SSRLP) in the country. This will see Malawi’s flagship safety net – the Social Cash Transfer Programme (SCTP) – reinforced with a […]
Fitch upgrades ARC Ltd.’s Outlook to Stable with an IFS Rating of ‘A-‘
JOHANNESBURG – Fitch Ratings has upgraded African Risk Capacity (ARC) Limited’s outlook to stable with an Insurer Financial Strength (IFS) rating of ‘A-‘ and a Long-Term Issuer Default Rating (IDR) of ‘BBB+’. The credit rating agency notes the upgrade is due to ARC Ltd.’s “strong progress in terms of meeting its development objectives, demonstrated by […]
Madagascar has contingencies to aid its swift recovery from devastating impacts of tropical cyclones
Press Release issued on behalf of African Risk Capacity Limited Madagascar has contingencies to aid its swift recovery from devastating impacts of tropical cyclones Madagascar was the first African nation to invest in tropical cyclone insurance with ARC Ltd. US$10.7m pay out by ARC Ltd. following cyclone Batsirai helped island nation to rebuild JOHANNESBURG, 27 […]
Ground-breaking MOU signed at COP27 sees global risk pools join forces to raise visibility and influence
Global risk pool MOU builds a framework for collaboration in the areas of advocacy, product development and capacity building… Sharm el Sheikh, 21 November 2022 – Strengthening the reach and impact of the world’s risk pools is the key objective of a Memorandum of Understanding between African Risk Capacity Limited (ARC Ltd.), CCRIF SPC (formerly […]
ARC Ltd. releases Integrated Annual Report highlighting activities of Africa’s first sovereign parametric development insurer
Press Release issued by ARC Ltd. ARC Ltd. releases Integrated Annual Report highlighting activities of Africa’s first sovereign parametric development insurer Year of impact revealed in Integrated Annual Report outlining policies, pay outs and partnerships which protect Africa’s most vulnerable against the vagaries of extreme weather JOHANNESBURG, 14 SEPTEMBER 2022 – Over 18m individuals covered […]
