Ndlovu Now ARC Insurance CEO


The African Risk Capacity Limited (the ARC Ltd) has appointed Mr. Lesley Ndlovu as its new Chief Executive Officer following the expiration of the tenure of Ms Dolika Banda, the former CEO.

Ndlovu was the former CEO of AXA Africa Specialty Risks, a Lloyd’s of London insurance syndicate and has extensive international experience spanning 14 years across corporate finance, audit, tax advisory, insurance and investment management sectors in several countries including Bermuda, Singapore, France and the United Kingdom.

As CEO, Ndlovu would work under the guidance of the ARC Limited Board in defining and implementing the ARC Limited’s strategic vision and would be accountable for its financial sustainability. Ndlovu will have full strategic, financial and operational accountability for taking the company forward and growing pool membership, among other key roles.

“We are deeply appreciative and grateful to Ms. Dolika Banda for her selfless hard work, leadership and sterling commitment to ARC’s mission throughout her tenure in the past three years which helped see the Agency through many challenges in the start-up phase,” said the Board Chairman, Mr Dele Babade. “We have reasonable expectations that Mr. Ndlovu will leverage his expertise, vast experience, deep knowledge and impressive networks to chart a new path with good partnerships to ensure that ARC remains a continental leader in disaster risk management and financing,” he added.

Ndlovu is a graduate of the University of Oxford in England and at the Institut Européen d’Administration des Affaires (INSEAD) in France. He is a CFA charter holder, a member of the Institute of Chartered Accountants of England & Wales and a member of the Institute of Directors. The appointment take effect from March 1, 2020.