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. Click HERE for Full Press Release