AfrexInsure, the wholly-owned specialty insurance subsidiary of African Export-Import Bank (Afreximbank), has announced the appointment of Mr Lesley Ndlovu as its new CEO, replacing Mr Jonas Mushosho.
Afreximbank said in a statement, “The appointment comes at a critical inflection point for AfrexInsure as it advances its mission to provide tailored specialty insurance solutions for trade and trade-related investments.”
Mr Ndlovu, a Zimbabwean national, brings to AfrexInsure a distinguished career spanning some of the world’s leading insurance institutions, including AXA Specialty, African Risk Capacity (ARC), and AXIS Capital. Throughout his career, Mr. Ndlovu has led multidisciplinary teams in high-stakes environments where robust governance and disciplined underwriting are fundamental to sustainable performance.
Mr Ndlovu said, “AfrexInsure represents far more than an insurance subsidiary; it embodies a strategic imperative to address one of Africa’s most persistent trade barriers: the scarcity of sophisticated, well-capitalized risk mitigation solutions anchored on the continent.
Afreximbank is a pan-African multilateral financial institution mandated to finance and promote intra- and extra-African trade. The bank is headquartered in Cairo.