Rex Insurance Limited has appointed Richard Hardy as its non-executive director, representing one of its strategic investors. BlueOrchard Finance.
Hardy brings with him an exceptional wealth of experience, most notably from his leadership roles at BlueOrchard Finance in Zurich and Ethos Private Equity in Johannesburg. He has spearheaded major initiatives in risk management, product innovation and operational excellence.
Speaking on this appointment, its chairman, Ike Chioke, said: “I am delighted to welcome. Richard Hardy to the Board of Directors at Rex Insurance. We have already secured the regulatory no objection approval from the National Insurance Commission (NAICOM), and I am confident that his leadership will accelerate our progress.”
His presence on the board will strengthen corporate governance, sharpen the company’s competitive edge, and unlock new avenues for sustainable growth. He added that, “together, we will continue to create long-term value for our policyholders, partners, and shareholders, positioning Rex Insurance at the forefront of the industry.
“As Rex Insurance continues its ambitious growth journey, we will be counting on his deep understanding of the insurance sector, demonstrated through his directorship roles in major African insurers and innovative insurtech firms, which is particularly aligned with our vision for the future.”
Richard Hardy is a seasoned investment professional currently serving as Investment Director for African Private Equity at BlueOrchard Finance. In this role, he is responsible for sourcing, executing, and managing impact investments across the African continent for the Zurich-based firm. He brings a wealth of experience from his previous tenure as a Principal at Ethos Private Equity, a premier investment team in South Africa.
During his seven years at Ethos, he played a key role in several landmark transactions, demonstrating expertise in deal origination, financial modeling, due diligence, and portfolio company governance. His significant achievements include leading the commercial due diligence for Virgin Active’s $350 million rights issue, managing the complex restructuring of Neopak, and contributing to the successful $450 million exit of iDwala Industrial Holdings.
His actuarial background, developed over five years with firms in South Africa and the United Kingdom, provides a strong foundation in risk assessment and financial analysis, which underpins his investment approach.
At BlueOrchard, Hardy leads investments for the InsuResilience Investment Fund (IIF). He has been the driving force behind IIF’s strategic investments into innovative financial technology and insurance companies, such as a major Ghanaian insurer, Vanguard Assurance; A Swiss-based provider of agricultural insurance in emerging markets, Pula; and a Mauritian-headquartered fintech offering consumer credit in Ghana and Uganda—naked Insurance – A South African Insurtech providing digital personal lines insurance, Fido.
He was appointed to the Board of Rex Insurance Ltd on August 18, 2025.
Rex Insurance Limited is licensed by the National Insurance Commission (NAICOM) to offer the full range of general and special risks insurance products to the public.
