Aegis Financial Lines (AFL), a division of Aegis General Insurance Agency, in partnership with its sister company, K2 Financial, has achieved approval of their official coverholder status with Lloyd’s, the global insurance and reinsurance marketplace.
AFL is an expansion of K2 Financial’s operation in London.
Moreover, Kevin Leach, the founder & Senior Vice President of AFL, brings a vast degree of experience towards new program.
Having previously served as Vice President & Financial Institutions Leader at The Hanover Insurance Group, he built out the practice from inception, which involved designing innovative products and infrastructure.
It is clear that this move, which will see the company offering products directly outside of the US, is a natural progression given how many of K2 Financial’s clients operate within the region.
AFL will seek to expand this client base by writing institutional quality Investment Managers and Fintech firms, along with a wide variety of other non-bank financial institutions across the US.
“We are thrilled to launch Aegis Financial Lines with the approval of such a reputable platform as Lloyd’s and our partner syndicates,” commented Leach.
“Expanding our relationship domestically will bring K2’s already well-established expertise and product set closer to our target market, improving outcomes for our customers and carriers.”
“We are delighted to work with Aegis Financial Lines as a coverholder. Through partnerships such as this, our market is collectively able to expand access to regional expertise and an even broader range of (re)insurance solutions for our customers in the U.S.,” said Hank Watkins, Regional Director and President, Americas, Lloyd’s.
