Tirelo Tsheoga - Senior Executive in a three-piece suit
Insurance & Reinsurance

TIRELO TSHEOGA

CHIEF EXECUTIVE OFFICER | INSURANCE, REINSURANCE & SPECIALTY RISK

Associate Member, Insurance Institute of South Africa (IISA)

Executive Profile

Highly accomplished and commercially driven insurance executive with more than 20 years of progressive experience spanning insurance, reinsurance, underwriting, specialty risk, distribution and executive management across African and international markets.

Proven track record of establishing and scaling insurance businesses, developing and executing corporate strategy, managing P&L and capital, structuring sophisticated reinsurance programmes and delivering sustainable growth in complex and emerging markets.

Extensive technical and commercial expertise across Mining, Energy, Oil & Gas, Property, Infrastructure and other complex commercial risks, complemented by broader experience in insurance product development, health, life-related opportunities, distribution and customer propositions.

Strong executive leadership capability across strategy, financial performance, capital and solvency management, underwriting governance, risk appetite, regulatory engagement, organisational development and business transformation.

International market experience includes direct engagement with the Lloyd’s of London ecosystem, global brokers, reinsurers, cedants and international capacity providers, providing a strong understanding of international insurance markets and specialist risk-transfer solutions.

Recognised for combining deep technical insurance expertise with commercial execution, business development and strategic leadership. Demonstrated ability to originate and convert opportunities, structure complex insurance and reinsurance solutions, build high-performing teams and establish sustainable businesses across African markets.

Currently serving as a Non-Executive Director of Pan African Specialty Underwriters (PASU), providing independent board-level oversight and strategic guidance to a specialist African underwriting platform.

Core Capabilities

Executive Leadership & Board Governance

Directing corporate strategy, fiduciary accountability, and board-level decision-making for sustainable value creation.

Corporate Strategy & Transformation

Formulating long-term expansion models, organizational restructuring, and greenfield market entry plans.

P&L, Capital & Financial Management

Full balance sheet ownership, capital allocation efficiency, financial solvency compliance, and margin optimization.

Insurance & Reinsurance Strategy

Designing end-to-end risk transfer frameworks, portfolio protection models, and capital syndication architectures.

Life & Commercial Insurance

Supervising multi-line commercial, personal, group life, and health insurance product propositions across regions.

Specialty Risk & Underwriting

Underwriting complex multi-national assets, heavy industrial risks, and bespoke specialty coverage solutions.

Risk Appetite & Portfolio Management

Developing risk appetite statements, delegated authority guidelines, loss-ratio controls, and technical pricing models.

Treaty & Facultative Reinsurance

Structuring proportional and non-proportional treaty placements, high-limit facultative covers, and international risk shares.

Mining, Energy, Oil & Gas

Specialised underwriting for hydrocarbon extraction, major power plants, refinery complexes, and mineral extraction projects.

Property & Infrastructure

Risk structuring for large scale engineering, megaproject construction, commercial property portfolios, and civil works.

Business Development & Revenue Growth

Driving commercial pipelines, client acquisition models, market share expansion, and sustainable top-line revenue.

Broker & Distribution Strategy

Managing global broker relations, agency networks, bancassurance partnerships, and multi-channel commercial distribution.

African Market Expansion

Executing cross-border commercial strategies, regulatory alignments, and regional office footprints across sub-Saharan Africa.

Lloyd’s & International Markets

Operating within the Lloyd's of London ecosystem, securing access to international risk capacity and London market syndicates.

Regulatory & Stakeholder Engagement

Building trusted relationships with insurance regulatory bodies (ISSM, FSCA, Prudential Authority), shareholders, and industry panels.

Organisational Leadership & Culture

Fostering high-performance executive teams, operational accountability, talent development, and execution disciplines.

Strategic Partnerships & Market Entry

Forging alliances with technical capacity providers, MGA underwriting platforms, and strategic joint ventures.

Professional Experience

July 2026 – Present

Non-Executive Director

Pan African Specialty Underwriters (PASU) pasu.co.za

Johannesburg, South Africa

Provide independent board-level oversight and strategic guidance to a specialist African underwriting platform focused on complex commercial and specialty risks.

June 2025 – June 2026

Chief Executive Officer (CEO)

Premium Insurance Company premiuminsurance.co.mz

Maputo, Mozambique

Appointed to lead and build a newly established insurance company, with full accountability for corporate strategy, business execution, financial performance, capital management, regulatory compliance and the development of a sustainable insurance platform.

Sept 2024 – May 2025

Commercial Director

Afro-Asian Insurance Services afroasian-insurance.com

London, UK

Second-in-command to the CEO, responsible for driving commercial strategy, revenue growth, and international expansion.

Oct 2021 – Dec 2023

Executive Head: Facultative Reinsurance

American International Group (AIG) aig.com

Africa

Led facultative reinsurance operations across Africa with full accountability for strategy, underwriting, and financial performance.

Aug 2017 – Sept 2021

Executive Head: Specialty Business & Distribution

Chubb Insurance chubb.com

Africa

Responsible for leading specialty underwriting and distribution strategy across Africa.

May 2016 – July 2017

Senior Global Property & Energy Underwriter

Chubb Insurance chubb.com

Africa

Underwrote complex multinational risks across property and energy sectors.

Feb 2016 – Apr 2016

Energy & Property Underwriting Manager

Old Mutual Insure oldmutual.co.za

South Africa

Managed underwriting and claims for complex corporate energy and property portfolios.

Jan 2012 – Jan 2016

Specialist Portfolio Manager

Old Mutual Insure oldmutual.co.za

South Africa

Managed large and technically complex portfolios across energy, mining, and property sectors.

June 2007 – Dec 2011

Portfolio Underwriting Manager

Old Mutual Insure oldmutual.co.za

South Africa

Led underwriting of commercial portfolios, ensuring profitability, compliance, and growth.

Oct 2006 – May 2007

Commercial Underwriting Team Leader

Old Mutual Insure oldmutual.co.za

South Africa

Managed underwriting team performance and workload allocation across commercial portfolios.

Apr 2005 – Sept 2006

Commercial Underwriter

Old Mutual Insure oldmutual.co.za

South Africa

Underwrote commercial risks and supported broker relationships across short-term lines.

Education & Qualifications

Master of Business Administration (MBA)

Henley Business School, University of Reading, United Kingdom

Executive General Management Programme

Gordon Institute of Business Science (GIBS), University of Pretoria

Advanced Programme in Insurance Practice

University of South Africa (UNISA) & Insurance Institute of South Africa (IISA)

Programme in Insurance Practice

University of South Africa (UNISA) & Insurance Institute of South Africa (IISA)

Higher Certificate in Insurance

University of South Africa (UNISA) & Insurance Institute of South Africa (IISA)

Intermediate Certificate in Advanced Business Studies (ICiBS)

Insurance Institute of South Africa (IISA)

Certificate of Proficiency in Insurance

Insurance Institute of South Africa (IISA)

Advanced International Training in Engineering Insurance

Munich Re, Munich, Germany

Get In Touch

Direct Connection

For underwriting advice, corporate consultations, reinsurance board panels or commercial mandates across Africa and international syndicates, reach out directly.