Reinsurer enters the market to provide tailored solutions for emerging risks
Africa Specialty Risks (ASR), a re/insurance group focused on Africa and the Middle East, has announced the appointment of Aurélien Sauty (pictured above) as head of marine and aviation.
Sauty will be based in ASR’s Dubai office and brings over 16 years of experience in the insurance industry, particularly in marine and aviation underwriting.
Sauty began his career at AXA, working in France, Dubai, and London as an underwriter. Most recently, he held the position of assistant vice president for Middle East Marine at Berkshire Hathaway Specialty Insurance.
ASR said that its decision to expand into the marine and aviation sectors reflects its strategy to provide specialized insurance solutions that address the specific risks faced by these industries across Africa and the Middle East.
The new offering comes as the global logistics, maritime, and aviation industries are experiencing significant growth. ASR aims to help mitigate the risks these industries face, supporting smoother operations and contributing to the economic development of the countries involved.
Mikir Shah, CEO of ASR, emphasized the importance of the expansion. He noted that the addition of the marine and aviation divisions underscores the company’s commitment to de-risking investment and increasing resilience across the region.
“Providing this coverage is incredibly important in today’s market, with maritime and transport industries being the backbones of global economies and thus playing a vital role in the global economy, we will help to de-risk these crucial sectors,” Shah said.
Sauty also expressed his enthusiasm about joining the company. He said the opportunity to contribute to ASR’s growth in the aviation and marine sectors is exciting.
“I am honoured to join ASR at such a pivotal time for the company,” Sauty said. “Contributing to ASR’s growth and success in the aviation and marine sectors is an exciting opportunity. I look forward to working with the talented team at ASR to deliver innovative and effective insurance solutions to our clients across Africa and the Middle East, supporting them in navigating these risks effectively.”
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