Specialty Lloyd’s broker MNK Re has appointed Nicolas Montoya as CEO, Latin America & Caribbean and the establishment of its new Miami based operation.
Montoya joins from BMS Miami and will report to Lee Ellis, CEO MNK Re International, based in London.
MNK Re has planned to make significant investment into its UK and International operations and will establish further regional offices throughout 2021.
Manoj Kumar, Group CEO and Managing Director commented: “MNK Re has built a dedicated team of Latin America and Caribbean specialists in London as part of a focused growth strategy. The establishment of a regional office in Miami has long formed part of this strategy and is a further step toward achieving our long-term goals across the region.
“Nicolas has a proven track-record and brings a wealth of experience and relationships to MNK Re. His appointment and the establishment of this office clearly underlines our commitment to our partners and clients across the Latin America and Caribbean region.”
Lee Ellis, CEO MNK Re International said: “Establishing a regional operation for Latin America & Caribbean in Miami is a key component of the overall MNK Re International strategy. After an extensive search, we are delighted to have fought off strong competition to secure Nicolas’ services.
“His appointment will enable us to build a meaningful presence in the region and demonstrates our continued ability to attract market leading talent to our rapidly evolving business.”
Montoya added: “I am delighted to be a part of MNK Re and honoured to have been chosen to lead this new venture. The region needs a truly independent broking option, where the priority is always the client. The values and capabilities of MNK Re are well aligned to market needs and timing of MNK Re’s entry could not be better.”