Maksure Risk Solutions becomes a Lloyd’s registered broker

The specialist Lloyd’s insurance and reinsurance marketplace has granted Maksure Risk Solutions, an Afro-Global independent specialist re/insurance broker, Broker Status.

As a Lloyd’s broker, Maksure now has direct access to a unique pool of underwriting expertise and capacity in the Lloyd’s global marketplace.

Commenting on the approval, Simba Makwembere; Managing Director at Maksure Risk Solutions, said: “We are truly honoured with the Lloyd’s approval and this makes Maksure currently the only African originating broker, to be granted the full Lloyd’s broker status.

“This to a large extent is a demonstration of our strong corporate governance, exceptional technical and leadership skills that can compete at a global scale, as well as the ability to drive business growth in our chosen markets.”

Some of the benefits being a Lloyd’s broker brings include access to the Lloyd’s Markets, which has access to a wide range of specialist insurance and reinsurance products. This access in turn will boost Maksure’s already existing capability to place unique or complex risks.

Maksure will also be able to tap on Lloyd’s Market Expertise in specialty re/insurance. As well as the global reach of the Marketplace, which has a global network of underwriters and brokers, allowing Maksure access to insurance capacity and expertise from around the world.

As a Lloyd’s broker, Maksure will also be subject to regulatory oversight by the Lloyd’s Market Association (LMA) and other regulatory bodies.

While this oversight entails compliance requirements, it also helps ensure high standards of professionalism and integrity within the market, which can enhance both trust and credibility.

Vincent Gota, Vice President at Maksure, commented that being part of Lloyd’s brokers enhances their capacity of placing specialist lines of business including aviation, political violence & terrorism, cyber, oil & gas, marine, financial lines and large property accounts.

Thanks to this approval, Maksure’s clients will be able to have access to over 70 underwriters specialising in these and other specialty classes.