Bermuda Business Development Authority [BDA] We are pleased to facilitate an important dialogue between the board of directors of African Risk Capacity Limited and the presentation of the awards [ARC Ltd.] and Deputy Prime Minister of Bermuda.

A spokesperson said: General Affairs, Hong. Walter Robin JP, Member of Parliament.

Deputy Prime Minister Walter Rovan receives a letter of appreciation from the ARC Board on behalf of Bermuda with CEO Leslie Ndrob

Abdoulie Janneh, Chairman of ARC Ltd., commended Bermuda for its global risk leadership and continued support for ARC, an innovative public-private partnership program for the benefit of Africa.

“The ARC recognizes the nature of the global cooperation needed by all countries to help the international community achieve the Sustainable Development Goals and to address the impacts of climate-related and other natural disasters on vulnerable populations. ,” said Janne.

“The ARC Ltd. Board of Directors held a strategic meeting in Bermuda this week to present awards recognizing the innovative and continued support of leading financial sector service providers such as Marsh, Appleby, Butterfield, Deloitte and PwC. provided.”

Deputy Prime Minister and Home Secretary Walter Roban said: Protection He is a gap and a global leader in property catastrophes. [re]insurance.

“We are very pleased to confirm that we are also above our weight class when it comes to supporting Africa. “Many of these countries are working to advance opportunities in the global environment. Bermuda is not only open to business, it is open to Africa.”

BDA CEO David Hart said: On May 24, 2022, the BDA was fortunate to have Lesley Ndlovu, CEO of ARC Ltd., speak at the ‘CEOs, Climate and Capabilities’ panel at the Bermuda Climate Summit hosted by the BDA. The BDA looks forward to continued engagement with this important international organization at the 2nd Annual Bermuda Risk Summit on March 6-8, 2023. “

A spokesperson said: drought and tropical cyclone disasters. ARC Ltd.’s parametric insurance program directly assists more than 6 million beneficiaries, preventing loss of life and livelihoods.

“In July 2012, in response to the growing climate change crisis, African Union Heads of State and governments sent ARCs to Bermuda to help African countries strengthen their preparedness to deal with weather-related disasters. ARC Agency was established as a specialized agency of the African Union in November 2012. In 2013, at the request of ARC Agency member ARC Ltd., a unique hybrid mutual insurance A facility was established in Bermuda.

“In a statement to the Bermuda House of Representatives in May 2014, former Minister of Education and Economic Development Dr. said it was established in Bermuda after paying a [re]The insurance market has been at the forefront of being able to form funds to promote financial stability when other insurance options are unavailable. “

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