MNK Re Ltd approved as a Lloyd's Registered Broker
To enter new markets in North America and Far East Asia
London, 1st January 2015
MNK Re Ltd has been approved as Lloyd's of London registered broker to place open market insurance and reinsurance business into the Lloyd's of London.
MNK Re is a multi-line and specialist reinsurance broker based in central London and located very close to the Lloyd's of London. MNK Re provides insurance and reinsurance support mainly on Financial and Commercial Crime, Political Risks, Terrorism, Energy, Marine Hull, Marine Liabilities, General Liabilities, Bancassurance, Accident & Health, Contingency and Fine Art & Specie Risks.
Financial Crime Insurance includes Bankers Blanket Bond - BBB, Directors and Officers Liability - D&O, Financial Professional Indemnity and Electronic and Computer Crime. MNK Re also provides support on Marine Hull and Marine Liabilities including Ship Repairers Liability - SRL, Charterers Liability, Stevedores Liability, P&I, Hauliers Liability and Freight Forwarders Liability.
Manoj Kumar, ACII, CPCU, ARe, ARM, the CEO and Managing Director of MNK Re Limited said that "as a specialist reinsurance brokers we also provides support for Bancassurance and Affinity products where our role extends to helping banks and insurers in designing and structuring the insurance products suitable for mass segments". Bancassurance products cover all segments of banking and financial sectors, e.g. Credit Cards, Personal Loans, Mortgage Loans, Vehicle Loans and can be combined with products like Personal Accident, Critical Illness, Second Medical Opinion, Emergency Medical Evacuation, Involuntary Loss of Employment - ILOE, Hospitalization Benefits and Price Protection (Promise) Guarantee, Purchase Protection, Extended Warranty, Travel Insurance, etc.
Other lines of businesses where MNK Re is interested to provide support includes Contingency and Specie Risks covering Fine Arts, Exhibition, Armored Vehicles, Jewelers Block Insurance, Cash in Transit, Prize Indemnity, Hole in One, etc.
Manoj Kumar further said that "MNK Re has been active in the Middle East, South Asia and African Markets but now is interested in reinsurance business from North America and Far East Asia which is part of the overall strategy."
MNK Re deals with select insurance companies and insurance and reinsurance brokers in each country and welcomes inquiries from the new insurers or brokers who are willing to forge partnership with MNK Re on a long term basis.
MNK Re Limited is authorized and regulated by the Financial Conducts Authority, United Kingdom and is incorporated under Companies Act 1985 by the Registrar of Companies for England and Wales.
For further information please contact Manoj Kumar on firstname.lastname@example.org.