K2 Insurance Services, a specialty insurance firm focused on building and supporting niche insurance programmes, has confirmed the acquisition of Oculus Underwriters.
As part of the deal, Oculus Underwriters will become part of Vikco Insurance Services, operating under the established brand within the K2 Insurance Services group.
Oculus Underwriters specialises in providing bespoke property insurance solutions specifically designed for the small to medium-sized commercial market.
With this acquisition, K2 Insurance Services incorporates Oculus Underwriters’ existing portfolio and underwriting expertise into Vikco Insurance Services, enhancing its capabilities and reinforcing its presence in the commercial property insurance sector.
K2 Insurance Services states that the acquisition supports its ongoing approach of expanding specialist platforms and strengthening its position across targeted areas of the insurance market.
“We are thrilled to welcome Bryan and the Oculus team to K2,” commented Bob Kimmel, CEO of K2 Insurance Services. “This acquisition perfectly aligns with our goal of expanding our capabilities and partnering with premier underwriting talent. Oculus brings a highly complementary book of business that will enhance Vikco’s offerings for the small to medium-sized commercial market. We look forward to supporting the team’s continued success.”
Bryan Schofield, CEO of Oculus Underwriters, added: “We are incredibly proud of the successful business we have built at Oculus. K2 and Vikco provide the perfect home for us to take our business forward. Their extensive distribution network, trusted carrier partnerships and commitment to underwriting excellence will give us the platform needed to accelerate our growth and continue delivering top-tier solutions to our clients.”
