Lloyd’s broker MNK Re has enlisted Simon Ashby as executive managing director and global chief commercial officer. In his new role, Ashby will be responsible for driving a variety of projects and revenue growth initiatives for MNK Re as it looks to expand its presence across the globe, particularly in North America. He has nearly 40 years of experience in the (re)insurance market, having held senior management roles in both broking and underwriting at WTW and Marsh. In his most recent role, Ashby was co-founder and active underwriter of Verto Lloyd’s Syndicate 2689. Commenting on the appointment, Manoj Kumar, CEO and managing director of MNK Group, says: “Given Simon’s deep experience in both underwriting and broking across a range of business lines, he is the perfect fit for this new role. “With his global network of contacts ranging from insurers and underwriters to clients, brokers, and agents, Simon will be able to use his existing relationships to help us expand our global reach.” Ashby adds: “MNK Re’s expertise in a variety of business classes combined with its focus on providing bespoke and innovative solutions to traditional and emerging risks make it well-placed for rapid growth. “With the business already providing insurance solutions in over 80 countries, I am delighted to be joining this global team as it continues to expand its presence across the world.”
