K2 Insurance Services has announced the formation of K2 Collateral Protection Insurance (K2 CPI), a new division focused on risk solutions for intellectual property lending.
Brian Delaney, a twenty-plus-year veteran of the hedge fund industry, will lead the initiative as Managing Director.
Delaney is an industry-leading underwriter bringing decades of capital markets experience to his new role. Prior to his appointment he was the Global Head of Intellectual Property Solutions at a top insurer.
Before this, the executive served as a short seller for several prominent multi-billion-dollar funds, where he developed a reputation for rigorous financial analysis.
“His unique expertise will be instrumental as the MGA conglomerate launches K2 CPI to bridge the gap between insurance markets and complex asset-backed lending,” K2 Insurance stated.
K2 CPI’s primary offering is a complete insurance package for loans secured by all assets, including Intellectual Property (IP). This product is strategically positioned to leverage the global economic shift toward intangible assets.
Historically, companies with significant IP holdings have faced challenges securing financing through conventional debt channels, often resorting to more dilutive equity fundraising as their sole means of capital.
K2 CPI bridges this liquidity gap by insuring the underlying collateral value, effectively transforming IP into a bankable asset and unlocking non-dilutive growth capital.
For Insured Lenders, the product safeguards against collateral value volatility in the event of default. Furthermore, By transferring credit risk to highly-rated insurance capacity, the wrap facilitates capital relief and enables the expansion of internal lending limits.
Delaney commented: “I’m thrilled to join K2 to bring this vital solution to the market. I firmly believe Collateral Protection Insurance has evolved into a sustainable ‘Version 2.0’ market solution.
“By focusing on higher credit quality borrowers and utilising structures that ensure greater alignment between the Insured Lenders and the insurance community, we are delivering a product that represents a balanced trade, thereby creating value for all parties to the transaction. I look forward to applying this refined approach to drive underwriting profitability and long-term growth at K2.”
“Brian’s arrival marks a significant milestone for K2 as we continue to diversify our specialty offerings,” added Bob Kimmel, CEO of K2 Insurance Services. “His unique expertise in the capital markets allows us to solve a complex problem for modern businesses. We look forward to supporting Brian as he builds this division and provides lenders with the security they need to fund the next generation of growth.”
