[3][4] As of January 2024, ARC Ltd works as a mutual insurance facility comprising 39 African member countries, and its capital contributors including USAID, SDC, FCDO, KFW/BMZ, IFAD, AFDB, WFP and START NETWORK.
It was established in 2014 with a specific commercial mandate as a Bermuda Class 2 mutual insurance company with seed capital funding from UK’s Foreign, Commonwealth & Development Office (FCDO), and Germany’s KfW through BMZ.
Since its inception, ARC Ltd has successfully underwritten ten annual risk pools and is currently Africa’s largest provider of parametric insurance.
[15][16][2] Lindelwe Lesley Ndlovu is the chief executive officer at African Risk Capacity "ARC" Limited, and Dr. Abdoulie Janneh serves as the Chairperson of Board of Directors.
Ibrahima Cheik Diong is the Director General of the ARC Group, and Dr. Mothae Anthony Maruping is the chairperson.