African Risk Capacity Limited Appointed New Underwriting Chief
The insurer promoted an internal leader to oversee risk strategy as it expands disaster coverage across the African continent.
Updated on Oct. 6, 2026 in People
African Risk Capacity Limited appointed Jackline Muthengi as Chief Underwriting Officer on September 1, 2026. Muthengi, who previously led underwriting and innovation, will now oversee the company’s climate and disaster risk portfolio.
Why it matters
The appointment consolidates leadership at the firm as it scales financial protection against drought, flood, and epidemic risks. It follows the recent confirmation of a permanent CEO, signaling a push for organizational stability in a volatile risk environment.
Muthengi joins the executive team five years after her initial 2021 hire, moving from her post as Head of Underwriting and Innovation. The leadership update follows the confirmation of David Maslo as permanent Chief Executive Officer in July 2026.
The players
Jackline Muthengi
The newly appointed Chief Underwriting Officer who previously directed the insurer's innovation and underwriting strategy.
David Maslo
The permanent Chief Executive Officer confirmed in July 2026 to lead the organization's strategic expansion.
African Risk Capacity Limited
An insurance organization providing financial protection against climate-related disasters and epidemics in Africa.
The details
As Chief Underwriting Officer, Muthengi manages the firm's underwriting strategy and reinsurance placements across its primary risk categories, including tropical cyclones and disease outbreaks. Her role is central to the firm's operational mechanism of providing parametric insurance to help entities manage financial shocks from extreme weather events. The firm's business model relies on precise underwriting to maintain liquidity for rapid payout cycles during regional catastrophes.
Timeline
Muthengi joined African Risk Capacity Limited in 2021.
David Maslo was confirmed as permanent CEO in July 2026.
Muthengi assumed the role of Chief Underwriting Officer on September 1, 2026.
Market Landscape
The appointment marks a second phase of leadership stabilization following the July 2026 confirmation of David Maslo as permanent CEO. This shift mirrors a broader trend among regional specialty insurers aiming to strengthen governance while scaling complex climate risk products.
Operators in the insurance and risk management space should track how these leadership changes influence the firm's underwriting guidelines and reinsurance requirements in the coming quarters. Changes to underwriting strategy often dictate the pricing and availability of parametric coverage for regional clients.
The takeaway
The appointment reflects a strategic focus on stabilizing leadership during a period of market expansion for climate-risk products. Stakeholders should monitor future firm announcements for shifts in risk appetite or new reinsurance partnerships that may affect coverage availability.
Further reading
For broader trends in executive moves and corporate governance, see our latest analysis on People.
