Lloyd’s Broker MNK Re Launches Specialty Wholesale and Retail Unit

MNK Re Ltd., the London-headquartered Lloyd’s specialist broker, is launching MNK Re UK Specialty Ltd., to focus on UK wholesale and retail business.

This new business will build out a wider category of risk solutions, providing an enhanced offer to the market and will initially focus on developing unique wholesale and high net worth lines, said the company in a statement.

The UK Specialty team is led by Grahame Lamb, Richard Daws and Jonathan Britton, who bring to MNK Re Group deep subject expertise and decades of experience in the UK market.

Lamb previously spent more than10 years serving as executive board member of an independent brokerage where he managed the personal and claims divisions. He has a proven track record for building high-performing and cohesive teams of expert brokers that create transformative products for commercial and private clients, said MNK Re.

Daws has spent his career launching and designing categories of risk, with innovation front of mind. He has decades of experience in personal and wholesale lines, from which he has developed extensive market knowledge and contacts.

Britton is joining MNK Re following years spent in both sales and marketing for all types of general insurance. His specialist knowledge encompasses MGAs, schemes and wholesale broking and he has worked across a wide range of areas in insurance, including financial services, corporates and the commercial sector.

“MNK Re is continuing to expand, and as we do so, we are widening our reach into new areas and territories. We have big ambitions for the future and with such an experienced team at the helm, our specialty business promises to quickly become a market leader for a range of risks,” commented Manoj Kumar, group CEO and managing director of MNK Re Ltd.

“It’s great to be joining MNK Re at such an exciting time in its development. It’s clear that MNK Re has a culture which promotes innovation. My passion is building great teams, so I’m really looking forward to recruiting creative and cutting-edge thinkers as we work on delivering great results for our clients through high quality advice and tailored offerings,” said Managing Director Lamb.

“Becoming part of the MNK Re family gives us significant scope to develop some truly market changing services. We’ve got a range of pioneering products in the pipeline that will bring real value to our clients. As a team, we have extensive experience in the market, while MNK Re has the drive and ambition to help us develop and nurture these solutions in the coming months,” said Daws, director, Strategic Relationships and Placements.

“MNK Re’s existing team has knowledge of and deep experience across many sectors, and this makes it the ideal launch pad for this business. I know that, as a team, we will bring fresh thinking to the UK market,” according to Britton, director, Wholesale.

MNK Re was established in 2009 and is a registered Lloyd’s broker with offices in South Africa, Miami and Poland. MNK Re currently trades with clients in more than 70 countries and provides bespoke (re)insurance solutions for both traditional as well as emerging risks.

Key lines of business include financial institutions, cyber, marine, energy, aviation, political and credit risk, liability, agriculture and property, in addition to both treaty and analytics. MNK Re also provides parametric products for diverse risks such as agriculture, pandemics, weather, credit, travel and marine.

Source: MNK Re

Topics Agencies Excess Surplus New Markets Lloyd's