Lloyd’s of London broker MNK International has launched a new brokerage providing re/insurance solutions in Brazil.

The business will be led by CEO Sergio Clark and international director Alexandre Dabus. Clark has more than 50 years of brokerage experience, including founding operations and a joint venture with JLT (now Marsh). Dabus has worked on multinational client portfolios for Gallagher’s Brazilian partner and Marsh, before joining Clark at a specialist start-up brokerage.

Headquartered in São Paulo, MNK International Brazil will help local businesses access global and specialty insurance capacity, and support multinational organisations with operations in Brazil, covering industrial risks, oil and gas, engineering, financial lines, marine, property and other complex risks.

Naman Kumar, CEO of MNK International, commented: “As we continue our rapid growth in Latin America, expanding into Brazil is a natural next step for MNK International. In Brazil, we are partnering with a leadership team that has spent decades building trust in the market. MNK International Brazil will strengthen how we support international clients with interests in Brazil and help Brazilian clients access the very best solutions worldwide."

Sergio Clark, CEO of MNK International Brazil, added: “Brazil is a demanding market that values experience, relationships and consistency, and so our goal is to build a focused and efficient business from day one. We are ready to prioritise new and emerging opportunities in the market, drawing on our capability and extensive networks to deliver innovative solutions that meet the needs of our clients."

---