K2 Insurance Services, an independent specialty insurance program manager, has announced the appointment of Richard Coello as CEO of K2 Group Holdings Limited (K2 International), effective March 1, 2024.
Coello has a successful track record of building underwriting businesses having established K2 Financial from startup to a $65mn premium business over the last decade and more recently adding additional products to the Fintech and US direct markets.
Prior to this he served as Assistant General Manager for Travelers Europe for over six years. During his time with the firm he founded Travelers Europe’s Financial Institutions division.
Coello has co-managed the K2 International business with David Carson, since it was acquired by K2 Insurance Services in May of 2020 and provided guidance through the recent acquisition by Warburg Pincus.
Bob Kimmel, CEO and Co-founder of K2 Insurance Services, commented: “Following the Warburg Pincus transaction, we see K2 International’s growth as one of our key strategic priorities, and this appointment demonstrates the trust we have in Richard to bring his success to date to new teams and acquisitions.”
Through his career, he has also held executive roles at Chubb, Newline Group, Willis and Legal & General Investment Management.
Coello said: “I am extremely proud to be given the opportunity to support K2 International in this new stage of development. We have willing support from our parent company and owners to focus on growth.
“I am looking forward to meeting the next generation of underwriting talent and providing them with the infrastructure necessary to build their own successful businesses.”
