About — GUARANT Limited

Our Company

GUARANT Limited (Guarant) was incorporated in 2023 and is licensed by the Anjouan Offshore Finance Authority (AOFA) to write insurance and reinsurance business from its registered office in Hamchako, Mutsamudu, on the Autonomous Island of Anjouan, Union of the Comoros. The Company is wholly owned by Amberstone Capital Group SPC Ltd, a segregated portfolio company incorporated in the British Virgin Islands (BVI) and registered with the BVI Financial Services Commission (FSC) for the purposes of its corporate, anti-money-laundering and economic-substance obligations. Prudential supervision of the reinsurance business is performed exclusively by AOFA.

Vision

To be a trusted specialty reinsurer in the markets we serve.

Mission

To deliver disciplined underwriting, prompt claims service and constructive technical engagement to cedants and brokers in the Middle East, Asia and Africa, and to extend that proposition to selected markets in Latin America and Europe in due course, in line with medium-term strategic objectives.

Values

Discipline in underwriting. Integrity in dealings. Capital strength as the foundation of every commitment. Partnership with cedants, brokers and managing general agents built over multiple renewal cycles. Excellence in technical work. Transparency in communication with regulators, business partners and the Board.

Financial Performance

2025 Results

USD 33.3M

Gross Written Premium

+8.5% year-on-year

73.0%

Combined Ratio

Underwriting profit

USD 277.1M

Total Equity

Year-end 2025

Roadmap

Strategic Milestones

2023

Incorporation & Licensing

Incorporation and licensing in the Autonomous Island of Anjouan.

2024

Foundation Team Established

Foundation underwriting team established and initial treaty book bound.

2025

Profitable Growth

USD 33.3 million gross written premium and 73.0% combined ratio.

2026

Technology Platform & Rating-Readiness

Continuing the rollout of the SICS reinsurance platform in partnership with DXC Technology to modernise underwriting and claims management, while preparing for our first formal credit rating engagement. Roll-out of the broader strategic plan and expansion of surety capacity continue in parallel (subject to AOFA approvals and market conditions).

2027

Diversified Growth & Geographic Expansion

Strong and diversified growth supported by enhanced collaboration — targeted entry into selected Latin American and European markets; targeted GWP of USD 200 million per the Board-approved strategic plan.

The Board

The Board comprises individuals with experience in reinsurance, capital markets, audit and risk management. Further appointments are expected to be made in 2026; biographies will be published as appointments are confirmed.

Safaryan Karen

Chairman of the Board

Odaana Magumba

Non-Executive Director

Executive Team

Mohamed Mansour

Chief Executive Officer

Responsible for the executive direction of the Company.

Irene Ruchaki

Compliance Officer

Responsible for the regulatory, AML and sanctions compliance programme.

Paul Buckendahl

Head of Business Development

Responsible for cedant and broker relationships across the Company's active markets.

Governance

The Board has established Audit, Risk and Underwriting Committees with written terms of reference. The Company maintains a related-party policy that governs all transactions and arrangements between Guarant and Amberstone Capital Group SPC Ltd and its other portfolios; that policy is summarised on the Regulatory & Compliance page and is available in full to cedants and brokers under reasonable due-diligence enquiry.

Sustainability

Guarant approaches sustainability as a stewardship discipline rather than a marketing position. The Company is a signatory to the Nairobi Declaration on Sustainable Insurance (NDSI) and reflects climate-related risk considerations in its underwriting approach. The Company does not at this stage claim alignment with any specific reporting framework; its approach will mature as the book and the regulatory environment evolve.

About Guarant