AfrexInsure, a specialized insurance subsidiary of Afreximbank, has appointed Zimbabwean Lesley Ndlovu as the new CEO, succeeding Jonas Mushosho. The appointment took effect last January.
Lesley Ndlovu brings extensive experience in specialized insurance, having held leadership positions at AXA Specialty, AXIS Capital, and as CEO of African Risk Capacity. He is known for developing complex insurance products tailored to local markets while integrating international standards.
AfrexInsure was established to reduce African companies’ reliance on offshore markets and retain premiums on the continent. The organization provides commercial insurance and trade-related risk management solutions, supporting economic development within the framework of the African Continental Free Trade Area (AfCFTA).
According to the insurance company, Ndlovu will be tasked with strengthening governance and regulatory compliance under his leadership to support its pan-African operations, developing differentiated insurance products for complex risk segments, and accelerating its market positioning to attract more strategic investments on the continent.
“Ndlovu is well positioned to advance AfrexInsure’s mandate, managing trade-related risks through local capacity and maximizing premium retention in Africa,” said Dr. George Elombi, President of Afreximbank.
