Lloyd's broker MNK Re opens a subsidiary in Kenya

MNK Re, a Lloyd's of London broker, has set up a new subsidiary in Nairobi, Kenya. Steven Oluoch, former CEO of ICEA LION General Insurance, has been appointed General Manager of the new entity.

This decision follows the broker's expansion strategy in Kenya. The country is at the forefront of digital innovation and is considered the biggest economy in East Africa.

MNK Re is an insurance and reinsurance intermediary authorized by the Financial Conduct Authority (FCA).