Afro Asian Insurance Services Ltd

What Afro Asian Insurance Services Ltd does

Afro-Asian Insurance Services Ltd is a London-headquartered, FCA-regulated Lloyd's Broker specializing in treaty and facultative reinsurance placements emanating from Africa and South Asia. The firm places risks on behalf of insurance company clients into Lloyd's of London and other international markets, spanning property, energy, marine, aviation, casualty, life, war risks, and specialty lines such as cyber, D&O, environmental impairment, and political violence/terrorism. It claims nearly 30 years of operation (tracing back to the founding Patels' earlier work with H. Clarkson and Hogg Insurance Brokers) and transacts treaty business across 27 African countries, supported by wholly-owned subsidiary broking entities in India, Kenya, Zimbabwe, Ghana, and Tanzania, plus a network partnership in Rwanda.

The company does not operate a proprietary technology platform; broking is delivered through traditional industry workflows augmented by SLA commitments of same-day facultative responses and 48-hour treaty quotes. Beyond pure placement, Afro-Asian operates a set of in-house underwriting facilities with stated per-risk limits (Political Violence/Terrorism up to USD 80M, Hull War up to USD 10M, Public/Products Liability up to USD 25M, Environmental Impairment Liability up to USD 5M), giving it a hybrid broker-plus-facility model. Revenue is generated through commission-based fees negotiated per transaction, with no publicly disclosed pricing or revenue figures.

The firm is privately held and family-owned by the Patel family; no institutional capital, public listing, or acquisition history is disclosed. Leadership is concentrated in Executive Chairman Udai Patel, supported by Executive Director Vinita Lotlikar, Finance Director Leandros Lazari, and COO Ryan Phillips, with a small senior broking team handling treaty and facultative desks. The company positions itself around long-term client relationships, regional expertise, and accessibility to international capacity rather than scale or technology differentiation.

Name

Afro Asian Insurance Services Ltd

Legal name

Afro-Asian Insurance Services Ltd.

Website

https://afroasian-insurance.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

11–50 employees

Short description

Afro-Asian Insurance Services Ltd is a London-headquartered, FCA-regulated Lloyd's Broker that places treaty and facultative reinsurance for insurance company clients across 27 African countries and South Asia, operating through wholly-owned subsidiaries in India, Kenya, Zimbabwe, Ghana, and Tanzania.

Ownership category

akta.pro rank

Product category

Reinsurance Brokerage

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Agencies and Brokerages (524210), Insurance Carriers and Related Activities (524)

SIC

Insurance Agents, Brokers & Service (6411), Insurance Carriers, Nec (6399)

akta.pro primary industry

Treaty Reinsurance Brokerage (FSAOAHAA)

akta.pro secondary industries

Specialty Lines Treaty Reinsurance (e.g., marine, aviation, cyber, energy, surety) (FSAOAEAF), Terrorism & Political Violence Reinsurance (FSAOADAK)

Keywords

• Reinsurance broking
• Treaty reinsurance
• Facultative reinsurance
• Lloyd's broker services
• African insurance markets

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Reinsurance Broking Services: The company earns commission-based fees for placing reinsurance business on behalf of insurance company clients. Services include treaty reinsurance broking (proportional and non-proportional) and facultative reinsurance placement across multiple lines of business including property, energy, marine, aviation, casualty, and life reinsurance.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels7 records

Core offering

Afro-Asian Insurance Services Ltd is an FCA-regulated Lloyd's Broker that intermediates treaty and facultative reinsurance placements from Africa (27 countries) and South Asia into Lloyd's of London and international markets. The firm arranges proportional and non-proportional treaty reinsurance across multiple lines (property, engineering, marine, energy, liability, accident, war risks, life, aviation) and facultative placements with same-day response, supported by in-house underwriting facilities for political violence, hull war, liability, and environmental impairment.

Product overview

Afro-Asian Insurance Services Ltd is a Lloyd's Broker specializing in reinsurance business emanating from Africa and South East Asia. The company operates as a single unified offering combining Treaty Reinsurance and Facultative Reinsurance broking services. Treaty Reinsurance provides proportional and non-proportional structures, Alternative Risk Transfer (ART), and Multi-Year contracts across 27 African countries. Facultative Reinsurance offers specialized coverage in Property & Energy, Aviation, Marine, Casualty & Life Science, Crisis Management, and FINPRO. The company also provides market-leading underwriting facilities for Political Violence/Terrorism (up to USD 80M), Hull War (up to USD 10M), Liability (up to USD 25M), and Environmental Impairment Liability (up to USD 5M).

Differentiator

Problem solved

Functional benefit

Brands

• Africa Ascending: A podcast series examining key issues affecting the African business environment and its impact on the insurance sector in Africa.
• Africa Ascending Bites

Products and services

• Treaty Reinsurance Treaty reinsurance broking services for insurance companies across Africa. The offering provides proportional and non-proportional treaty structures, Alternative Risk Transfer (ART), and Multi-Year contracts covering Property, Engineering, Marine, Energy, Liability, Accident, War Risks, Life Reinsurance, and Aviation lines across 27 African countries. Quotes are delivered within 48 hours.
• Facultative Reinsurance Facultative reinsurance broking for individual risks, with proactive strategies for competitive positioning in local markets and same-day response times. Coverage spans Property & Energy (CAR, EAR, Energy), Aviation (General Aviation, Liability, Hull War, Refuelling), Marine (Hull, Freight Forwarders, Ports & Terminals), Casualty & Life Science (Personal Accident, Clinical Trials, Medical Malpractice, Environmental Liability, Public/Products Liability), Crisis Management (Political Violence, Terrorism, Kidnap & Ransom, Product Recall, Event Cancellation), and FINPRO (D&O, Professional Indemnity, Bankers Blanket Bond, Commercial Crime, Cyber Crime, FIPI).
• Political Violence, Terrorism & Sabotage Underwriting Facility Market-leading underwriting facility placed via Lloyd's offering limits up to USD 80 million per risk for Political Violence, Terrorism and Sabotage coverage, delivered as part of the firm's facultative crisis management placement capabilities.
• Hull War Underwriting Facility Underwriting facility covering Hull War risks for both General Aviation and Airlines worldwide, with limits up to USD 10 million per aircraft, offered via the firm's aviation facultative broking capabilities.
• Third Party, Public and Products Liability Underwriting Facility Underwriting facility covering Third Party, Public and Products Liability risks including USA/Canada exposure and Accidental Pollution Damage, with limits up to USD 25 million per risk, delivered through the firm's casualty facultative capabilities.
• Environmental Impairment Liability Underwriting Facility Underwriting facility for Environmental Impairment Liability risks with limits up to USD 5 million per risk, placed via the firm's environmental and casualty facultative broking capabilities.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Reinsurance Brokerage Solutions (Rwanda) Ltd.minorChannel Partner/ Reseller/ DistributorNetwork partner in Rwanda providing local reinsurance brokerage services in coordination with Afro-Asian's operations

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Market position

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/AfroasianInsur1
• LinkedInlinkedin.com/company/afro-asian-insurance-services

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Afro Asian Insurance Services Ltd