Insurance group names Lloyd’s risk specialist as new CRO

MNK Group has appointed Alex Noorbaccus as its new group chief risk officer.

In his new role, Noorbaccus will lead the development and implementation of a standardised risk framework across the group’s expanding operations.

He will also be tasked with formalising governance practices and ensuring a consistent approach to risk calibration across MNK Group’s broking, MGA and risk-carrying entities.

“MNK Group has been on a significant growth journey and this is absolutely the right time to strengthen our controls and make sure that we are working together effectively,” Noorbaccus said.

”I’m excited to understand the business back-to-front and help generate a positive culture that our teams buy into and that supports further growth.”

Experience

Noorbaccus brings 20 years of risk management experience to the role, including at Lloyd’s, where he contributed to the rollout of Solvency II requirements.

His appointment is intended to enhance risk oversight and support expansion across the group’s UK, European, North American, Latin American, African, Middle Eastern and Far Eastern operations.

Manoj Kumar, group chairman and managing director at MNK Group, said: “Noorbaccus is the perfect person to lead our risk controls work. He has extensive experience and has 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 propositions for clients.”