MNK Re has launched its new energy facility, providing a game-changing offer for small to medium sized businesses (SMEs) across Latin America. The product is being launched today at Miami Reinsurance Week.

Having identified a lack of competitive capacity from the international reinsurance market for energy related risks emanating from Latin America, MNK Re has established its market-leading energy facility, providing competitive reinsurance solutions specifically to meet the demands of SMEs across the region, although it can also consider larger programmes if required.

This new facility will offer capacity of up to USD 50 million per declaration and will be particularly beneficial for those businesses who may not be able to meet the minimum premium requirements of the London and Lloyd’s markets. It provides a market- first option for clients and brokers across the region.

The facility covers all energy sectors including upstream, midstream, downstream, power generation and renewable energy for any country in Central and South America.

Manoj Kumar, MNK Group CEO, said:

“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, said:

“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.”

Ricardo Retana, CEO of MNK Re Latin America & Caribbean added:

“Our facility will provide clients with comprehensive coverage across all aspects of energy.

We will be meeting clients face to face across Latin America, ensuring that we provide a bespoke and long-lasting solution for smaller businesses looking to mitigate their risk.”