- AfrexInsure, Afreximbank’s specialty insurance subsidiary, appointed Lesley Ndlovu as Chief Executive Officer in 2026.
- Ndlovu succeeds Jonas Mushosho and will lead expansion of specialty insurance for African trade and investment risks.
- AfrexInsure is a wholly owned Afreximbank subsidiary offering insurance management services for trade-related investments across Africa.
- The company is incorporated in Mauritius and regulated by the Financial Services Commission with insurance manager and global business licenses.
- AfrexInsure provides specialty cover including project cargo, construction equipment, energy projects, and alternative risk solutions.
- The firm says it aims to retain more specialty insurance premiums within Africa and support bankable trade transactions.
why it matters?
The appointment comes as AfrexInsure expands African-based risk coverage for trade and trade-related investments. That matters for exporters, project sponsors, lenders, and insurers seeking more Africa-focused underwriting capacity.