Lloyd’s Boosts Long-Term Economic Resilience in Sierra Leone

Lloyd’s commitment to backing regenerative projects globally positions them as an ideal partner, says Idris Elba, Co-Founder of Sherbro Alliance Partners

Leading insurance and reinsurance company Lloyd’s has made an impressive step towards supporting economic resilience and growth opportunities on Sherbro Island, Sierra Leone. The company has entered an agreement with Sherbro Alliance Partners to become part of the wider vision for Sherbro Island City, a Public-Private Partnership (PPP) between the government of Sierra Leone and Sherbro Alliance Partners to create a new Special Economic Zone (SEZ). 

“This partnership represents a significant milestone in our efforts to make Sherbro Island a reality. Lloyd’s commitment to backing regenerative projects globally positions them as an ideal partner,” comments Idris Elba, Co-Founder of Sherbro Alliance Partners. 

“Together we are at the forefront of pioneering a fresh approach to developing African cities, with a strong focus on sustainable and renewable energy. Lloyd’s support will fuel our growth as we work towards achieving our shared vision of a more sustainable future.”

Partnering for sustainable long term growth

Under the agreement, specialist insurance and risk expertise will be available to the market from Lloyd’s, as well as strategic partners international professional services firm Aon and leading market insurer Tokio Marine Kiln (TMK).

Lloyd’s will also provide access to specialist insurance and risk expertise in the market, with input from as strategic partners.

“As chair of the SMI’s Insurance Taskforce, Lloyd’s has a leading role to play in helping bring innovative and regenerative projects to life around the world,” says John Neal, Lloyd’s CEO. 

“Sherbro Alliance Partners’ vision for Sherbro Island is to bring long-term prosperity and growth to the region, while providing access to cutting-edge renewable energy and technology. We look forward to working closely with SAP to help bring this project to life.”

“Building a new city that prioritises sustainable growth and development requires strong partnerships,” shares Siaka Stevens, Co-Founder of Sherbro Alliance Partners.

“By collaborating with Lloyd’s we can harness collective expertise, resources and innovation to create a thriving modern metropolis. Partnerships like these are crucial in shaping Africa’s sustainable development to ensure our cities are not only technologically advanced but also environmentally conscious, socially inclusive and economically vibrant.” 

**************

Make sure you check out the latest industry news and insights at InsurTech Digital and also sign up to our global conference series - FinTech LIVE 2024

**************

InsurTech Digital is a BizClik brand 

*************

Share
Share

Featured Articles

Milliman Arius: Reserve Analysis with an End-to-End Solution

Insurers face risks and errors with current reserve analysis methods – and Arius provides the answer

Allstate: BCG Partner Harnesses Gen AI to Transform CX

Allstate and BCG are harnessing Gen AI via a new model to better understand customer needs and improve overall experiences within the insurance sector

Comarch Diagnostic Point: Next Gen European Health Insurance

Healthtech provider Comarch introduces Comarch Diagnostic Point, set to improve health insurance across European markets

MoneyLIVE Summit 2024: Qover Talks Embedded Insurance

Insurtech

Ansel raises US$20m to combat financial healthcare barriers

Partner Ecosystems

Hastings Direct: Levelling up with Snowflake

Insurtech