MNK Group, the fully independent worldwide group of insurance companies, has announced the appointment of Alex Noorbaccus as the new Group Chief Risk Officer.

Noorbaccus brings two decades of experience in risk management, including at Lloyd’s where he supported the implementation of Solvency II requirements. He will be responsible for accelerating the development of the Group’s risk management framework and rolling it out as the Group continues to grow its offices and geographical reach.

He will ensure that there is appropriate oversight and risk calibration across the business, through formalised and standardised governance practices.

MNK Group was launched earlier this year, to enable greater integration between the broking, MGA, and risk-taking entities it oversees. As well as offering clients a fully comprehensive service, the move has strengthened the connection between teams across the UK, Europe, North America, Latin America, Africa, the Middle East, and the Far East.

Alex Noorbaccus, Chief Risk Officer at MNK Group, said:

“MNK Group has been on a significant growth journey and this is absolutely the right time to strengthen our controls and make sure that we are working together effectively. I’m excited to understand the business back-to-front, and help generate a positive culture that our teams buy into and that supports further growth.

“It’s vital that as we continue to expand, and become a bigger, more complex group, we develop in a way that is in tune with Manoj’s vision for the business.”

Manoj Kumar, Group Chairman and Managing Director at MNK Group, said:

“Alex is the perfect person to lead our risk controls work. He has extensive experience and consistently been successful overseeing complex projects. I am confident that he will help us drive our business to the next level, and continue to innovate and provide the best solutions for clients.”

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