MNK Re, an independent broker of specialist risks into Lloyd’s, has announced the appointment of Mark Ritson as Director of Energy.

In this role, Ritson will focus on expanding MNK Re’s energy portfolio, leading efforts to develop and secure more business for the firm’s energy team.

Manoj Kumar, CEO of MNK Group, expressed enthusiasm for Ritson’s appointment, stating, “Mark brings significant experience of the international energy insurance market, as well as an extensive network that stretches across the world. Huge transformations are coming to the energy market in the coming decades, and appointing Mark means that we are in a strong position to help our clients navigate that.”

Ritson has over 30 years of experience in energy insurance broking, working across upstream and downstream energy, power generation, and renewable projects worldwide.

For the past 15 years, he has worked at United Insurance Brokers Limited, where he served as Executive Director of the Non-Marine Division and Divisional Director of Property – Non-Marine & Energy.

Previously, Ritson was a Senior Broker at Amwins and Director, Head of International Property and Energy at AFL Insurance Brokers Ltd.

Commenting on his new role, Ritson said, “I’m delighted to join MNK Re at a time when it is growing strongly and has ambitious plans for its energy business. It’s clear that there are huge opportunities in the sector, and I’m looking forward to working with the rest of the team to increase the number of clients we support with our unique, specialist products.

“MNK Re’s big advantage is its connections to underwriters based all over the world, and its ability to source capacity from both traditional and alternative markets. Providing clients with choice and meaningful flexibility will be key to our continued growth, and I look forward to enhancing our offer to clients further.”

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