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MNK RE Limited acquires Prospect Brokers Africa (Pty) Ltd

03 November 2020 MNK Re South Africa
Manoj Kumar, Founder of MNK Re Limited and Group CEO

Manoj Kumar, Founder of MNK Re Limited and Group CEO

Neesha Parbhoo, CEO MNK Re South Africa

Neesha Parbhoo, CEO MNK Re South Africa

Specialty Lloyd’s broker MNK Re Limited is pleased to announce it has reached agreement to purchase a majority stake in independent South African reinsurance broker, Prospect Brokers Africa (Pty) Limited.

Prospect Brokers Africa was established in December 2019 by former RFIB Africa director, Neesha Parbhoo and specializes in reinsurance, wholesale insurance and binding authorities placed into regional and international markets. The move will see Neesha Parbhoo lead the newly established MNK Re South Africa as CEO, supported by former RFIB colleagues Paul Ray and Nina Velimahitopoulos. Lee Ellis who recently joined MNK Re as Managing Director of International Treaty shall be the Chairman of the South African Subsidiary and will also sit on the Board of Directors.

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