K2 International (K2), the specialty insurance and reinsurance underwriting platform, has expanded into the European market with the establishment of a new office in Brussels.
The office will be led by Michael Butcher, Head Underwriter for K2 International Europe S.A., who reports to Richard Coello, Managing Director, K2 International.
K2’s new Brussels operation will initially focus on responding to any absence of EU passporting rights at the end of the Brexit transition period.
“This is an exciting moment for K2 International as we build and strengthen our business in Europe with the opening of our Brussels office,” said Richard Coello, Managing Director K2 International.
“While immediately supporting the development of our financial institutions business, the new office will help us to deliver on our strategic goal of expanding into additional business classes across Europe,” Coello explained.
“I am confident Michael will bring dynamism and outstanding technical skill to deliver risk management and insurance solutions to clients and brokers across the continent.”
Michael Butcher, Head Underwriter for K2 International Europe S.A., also commented: “K2 International has a reputation for exacting underwriting standards in the financial institutions markets across Europe.”
“Our new office location will give us the opportunity to get closer to existing clients and brokers and build new relationships in an expanding list of business classes throughout the whole of Europe.”
K2 International is based in the London market and owned by K2 Insurance Services, an underwriting and distribution franchise in the US program insurance market.
Its GWP in 2020 is expected to be $200 million, across its business sectors of property catastrophe, financial institutions and commercial property.
