Re/insurance specialist MNK Group has appointed Alex Noorbaccus (pictured above) as its new group chief risk officer, tasking him with overseeing the development and implementation of the company’s risk management framework as it expands operations globally.
Noorbaccus joins MNK Group with 20 years of experience in risk management. His previous roles include work at Lloyd’s, where he was involved in supporting the application of Solvency II requirements.
He most recently served as UK chief risk officer at Convex Insurance, where he was responsible for embedding enterprise risk frameworks and strengthening governance models across multiple business lines. Earlier in his career, he held roles at Lloyd’s of London and the UK Financial Services Authority, contributing to regulatory initiatives and risk-based supervision.
In his new role, he will lead the integration of formalized governance structures across the group’s operations. His remit includes ensuring oversight and appropriate risk calibration throughout MNK Group’s business lines, aligning them under standardized governance protocols.
The appointment comes as MNK Group continues to expand geographically and integrate its broking, managing general agent (MGA), and risk-taking divisions under a unified structure. The company has operations spanning the UK, Europe, North America, Latin America, Africa, the Middle East, and the Far East.
As part of its global growth strategy, MNK Group recently completed several initiatives to strengthen its international footprint. These include the acquisition of Oceánica de Seguros in Costa Rica and the launch of Pt Mekong Re, a reinsurer based in Labuan, Malaysia.
“Alex is the perfect person to lead our risk controls work,” CEO Manoj Kumar said. “He has extensive experience and consistently been successful overseeing complex projects. I am confident that he will help us drive our business to the next level, and continue to innovate and provide the best solutions for clients.”
Noorbaccus said the company is at a pivotal stage in its expansion, making it a necessary time to strengthen its risk controls.
“It’s vital that as we continue to expand, and become a bigger, more complex group, we develop in a way that is in tune with Manoj’s vision for the business,” Noorbaccus said.
Launched earlier this year, MNK Group now operates in over 170 countries and maintains more than 20 offices worldwide. The group reports a gross written premium of more than US$1 billion.
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