MNK Re has introduced a new energy facility aimed at transforming opportunities for small and medium-sized enterprises (SMEs) throughout Latin America.
The facility offers up to US$50 million per declaration, catering to businesses that may not meet the minimum premium requirements of the London and Lloyd’s markets, with the flexibility to accommodate larger programmes if needed.
It encompasses all energy sectors, including upstream, midstream, downstream, power generation, and renewable energy, across every country in Central and South America.
Manoj Kumar, group chairman at MNK Re, states: "As MNK Re continues to grow, Latin America is a key focus for us in 2025, with our new facility providing an appealing alternative from the international market.
"In the long run, we will look to expand the facility further including the Caribbean, Africa, Asia and US markets."
Adam Bragg, managing director for International Property, Construction and Engineering at MNK Re, adds: "MNK Re has had a long-standing relationship with Latin American clients and we receive frequent enquiries from businesses based there that do not meet the minimum premiums of the Lloyd’s market.
"Our new facility gives both greater flexibility, given the size of risk and classes of business it can cover and competitive pricing, making it an attractive offer for companies across Latin America."
