Reinsurance News
K2 Insurance Services
K2 renews US Cat facilities for 2021
16th November 2020
Specialty insurance and reinsurance underwriting platform K2 International (K2) has announced that Head underwriter David Carson’s team has renewed all three of its US Cat facilities for 2021 with existing carriers. Carriers include Peak Re, Taiping Re and Cathay Century Insurance. This will be the eighth year of underwriting on behalf of ... Read the full article
K2 gains additional capacity support from Chaucer
9th November 2020
Specialty insurance and reinsurance underwriting platform, K2 International (K2), has announced that it has secured additional capacity support from Chaucer, a specialty re/insurance group. The agreement took place on November 1st and will allow K2 Financial to provide significant capacity to its specialist investment management client base across the world. Richard Coello, ... Read the full article
K2 International expands into Europe with new Brussels office
30th September 2020
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 ... Read the full article
K2 & Pioneer sign terms ahead of acquisition
30th April 2020
Pioneer Underwriters and K2 Insurance Services LLC have now signed terms for their previously announced transaction, under which Pioneer's ongoing underwriting portfolio, as well as underwriting and support staff, transfer to K2. With the terms of the transaction now signed, it's expected that the deal will complete by the end ... Read the full article
K2 Insurance Services appoints Mark Smith as President
25th March 2020
K2 Insurance Services LLC, a specialty insurance holdings company, has announced the appointment of Mark Smith as the company’s President. Smith brings almost 30 years of insurance experience to K2, including underwriting, actuarial and finance leadership roles at single state, national and international carriers. Most recently, Mark spent four years at Marsh-owned ... Read the full article
K2 to acquire Pioneer in first non-US transaction
4th February 2020
K2 Insurance Services LLC, a specialty insurance holdings company, is set to complete its first transaction outside of the U.S., with the acquisition of underwriting services firm, Pioneer Underwriters. According to an announcement on the deal, Pioneer is set to become the cornerstone for a new global platform of K2. Initially, this ... Read the full article
Aegis General partners with Homesite Insurance Group
27th January 2020
Aegis General Insurance Agency, a subsidiary of K2 Insurance Services, has announced the formation of a strategic partnership with Homesite Underwriting Managers, the program business unit of Homesite Insurance Group. Aegis and Homesite explained that the program administration partnership was based on foundation of common core values and would open up ... Read the full article
Lee Equity takes majority stake in K2 Insurance Services
15th May 2019
Growth-focused middle market private equity firm, Lee Equity Partners, LLC has agreed to acquire a majority ownership in specialty insurance services holding company, K2 Insurance Services. K2 owns and controls 14 managing general agents (MGAs) that operate in the property and casualty sector. The firm's senior management team, which is led ... Read the full article
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