MNK International, an independent Lloyd’s broker, has expanded its global presence with a new broker acquisition in Türkiye.
With operations headquartered in Istanbul, MNK International Türkiye will focus on insurance and reinsurance solutions across a range of complex and specialty risks, offering tailored solutions across all business lines including property, engineering, financial lines, and aviation.
As a new entity within the London-headquartered MNK Group, MNK International Türkiye will leverage the group’s extensive internal resources, including the global network of MGA’s and other risk entities.
Such access will enable MNK International Türkiye to deliver dynamic and innovative solutions from multiple jurisdictions.
The business will be led by Erhan Ergüneş, who brings 20 years of industry experience to the role. This includes senior positions at leading insurers such as Allianz, Generali, Helvetia, and Chubb.
As CEO, he will lead the development of innovative products across various business lines, and leverage MNK’s global network to address complex and emerging risks.
Ergüneş said: “With MNK’s global reach and our specialised expertise, we’re ready to deliver innovative, high-quality solutions tailored to the unique needs of Turkish businesses operating on the world stage.
“There are huge opportunities within the Turkish market ranging from construction and engineering to aviation and agriculture. Our focus will be on building long-term partnerships and providing tailored coverage that meets the evolving needs of our clients.”
Chairman of MNK Group, Manoj Kumar commented: “I am delighted to announce our expansion into Türkiye, which marks another milestone in MNK Group’s global expansion. Erhan’s experience in the region has given him a deep understanding of the local insurance landscape and the international standards our clients expect.
“With our international capabilities and network, this latest acquisition will deliver a level of flexibility to clients in Türkiye and the wider region that sets it apart from traditional local brokers.”
