Reinsurance News
K2 Insurance Services
K2 Financial hires The Hanover’s Leach to build on US growth
7th July 2023
K2 Financial, a business unit of K2 International and part of K2 Insurance Services LLC, has appointed Kevin Leach as Senior Vice President and founder of K2 Financial’s US operation. An experienced veteran across the industry, Leach joins K2 from The Hanover where he most recently served as Vice President - ... Read the full article
K2 signs new multi-year deal with Moody’s RMS
29th June 2023
K2 Insurance Services LLC, an independent specialty insurance program manager, has signed a new multi-year deal with global catastrophe risk modeling and solutions firm, Moody's RMS. The new multi-year deal, which covers three of K2's managing general agents (MGAs), K2 CAT, K2 Property D&F, and Vikco Insurance Services LLC, includes the ... Read the full article
Ballantyne Brokers completes management buyout
24th March 2023
Ballantyne Brokers Ltd, a new independent Lloyd’s broker based in London, has announced it has completed a management buyout (MBO) from its parent company K2 Insurance Services. The MBO was led by founders, Ross Ballantyne and Richard Spragg, and Chief Operating Officer, John Harris who will continue to lead the company ... Read the full article
K2 appoints TigerRisk’s Wojciechowski as Chief Growth Officer
7th February 2023
K2 Insurance Services has appointed TigerRisk’s Chris Wojciechowski as Chief Growth Officer, where he will be based in New York. An established name across the industry, Wojciechowski joined TigerRisk in 2018, and was named a Partner of the firm in 2021. During his tenure at TigerRisk, Wojciechowski was responsible for new business ... Read the full article
Great opportunity for property CAT investment amid “perfect storm”: Carson K2 CAT
31st January 2023
A “perfect storm” has created a hard market for property treaty business, the best underwriting conditions in the last 30 years. The higher rates stemming from a challenging economic environment have made this a great time for investors to enter the market, said David Carson, head underwriter at MGA K2 ... Read the full article
Warburg Pincus set to acquire K2 Insurance Services from Lee Equity Partners
1st December 2022
Leading independent specialty insurance program manager, K2 Insurance Services, has announced that Warburg Pincus, a leading global growth investor, has agreed to acquire the company from Lee Equity Partners, LLC, a growth oriented middle market private equity firm. The investment will support K2's continued growth strategy, which includes M&A and de-novo ... Read the full article
K2 raising new capital for catastrophe underwriting
18th October 2022
In a move to replace an exiting capacity source, London-based specialist MGA, K2 International is to raise capital for additional reinsurance and possibly US retrocession and industry loss warranties (ILW) underwriting in 2023. The structure of the vehicle or fund that the capital will be raised to is yet to be ... Read the full article
K2 International looks to attract underwriters to its platform
5th April 2022
Based in London, underwriting firm K2 International has made some big steps in the two years since it was established by its parent US company, K2 Insurance Services LLC. Throughout recent months, beginning in 2021 and going into this year, the firm has made several significant personnel hires; attracted new carriers; ... Read the full article
K2 International renews underwriting facilities for 2022
24th December 2021
K2 International, the London-based specialist MGA, has announced the renewal of its underwriting facilities for 2022 with increased capacity. Estimated premium is $250 million, or approximately 20% of the whole K2 Group. The company says it secured increased capacity for its three underwriting teams, K2 Financial, K2 Property D&F and K2 CAT, ... Read the full article
K2 Insurance hires Scott Carpinteri to lead new parametric MGA
22nd November 2021
K2 Insurance Services has launched a new MGA, K2 Parametric which will be led by Scott Carpinteri, a well-known expert in the Parametric Insurance space. Carpinteri brings over 25 years of insurance experience, with the last 6 having been spent with Swiss Re Corporate Solutions where he has helped advance the ... Read the full article
Global Indemnity sells specialty property business to K2
11th November 2021
Property and casualty insurer Global Indemnity Group (GBLI) has sold its American Reliable specialty residential property business to specialty MGA K2 Insurance Services. Following the sale, K2 will transfer and renew the American Reliable specialty residential property business, which will be underwritten by Homesite Group, a subsidiary of American Family Mutual ... Read the full article
K2 adds Binning as Claims Manager
5th May 2021
Specialty re/insurance underwriting platform K2 International has appointed Kam Binning as Claims Manager. Binning’s new role will see him support the K2 Financial and K2 Property D&F books. He has over 20 years' experience handling Lloyd's and London Market claims and joins from Chubb, where he served as a team manager. Binning began his ... Read the full article
K2 International appoints Ruth Reynolds to underwriting team
23rd April 2021
K2 International, the specialty insurance and reinsurance underwriting platform, has announced the appointment of Ruth Reynolds as an Underwriter in its K2 Financial team, reporting to Richard Coello, Managing Director, K2 Financial. Reynolds has more over 30 years’ experience in financial lines as both a broker and an underwriter. She joins K2 ... Read the full article
K2 announces acquisition of insurtech Loss Run Pro
1st April 2021
K2 Insurance Services has announced its acquisition of Montana-based insurtech Loss Run Pro (LRP). LRP was founded in early 2020 by Reghan Brandt and focuses on harnessing technology to solve issues across the insurance placement process. K2 considers this a quality acquisition offering growth opportunities throughout the US. Regarding the effectiveness of LRP ... Read the full article
Skyward Specialty acquires Aegis Surety & sells XPro in agreements with K2
26th January 2021
Specialty property and casualty (P&C) insurer, Skyward Specialty Insurance Group, Inc., has acquired Aegis Surety from K2 Insurance Services, which in turn has acquired the firm's XPro business. Trevor Hash, Aegis Surety Senior Vice President, will become the Head of Contract Surety, reporting to Skyward Specialty’s Head of Surety, Matthew Semeraro. "Combining ... Read the full article
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