K2 International (K2), the specialty insurance and reinsurance underwriting platform, announced it has secured additional capacity support from Chaucer, the specialty re/insurance group.
The agreement, which is effective from Nov. 1, 2020, will allow K2 Financial to provide significant capacity to its specialist investment management client base across the world. The company did not disclose the capacity amount.
“I’m proud that Chaucer has given K2 Financial this vote of confidence in our business and growth plans. Investment managers can rely on the risk management, insurance cover and thought-leadership K2 Financial offers, together with the highest quality capacity,” commented Richard Coello, managing director, K2 Financial.
“As we increasingly see hardening market conditions, clients can be confident that we are building a partnership with them and our carriers, for the long-term.”
Paul Restarick, casualty & political risk manager at Chaucer, said: “We aim to provide clients with creative underwriting products and a first-class service, and our partnership with K2 Financial will deliver this. We are confident in the quality of their underwriting process and their commitment to the market and are pleased to be able to support them.”
About K2 International
K2 International is a London-based specialty insurance and reinsurance underwriting platform. It is owned by K2 Insurance Services, an underwriting and distribution franchise in the U.S. program insurance market. Gross written premiums in 2020 are expected to be $200 million, across its business sectors of property catastrophe, financial institutions and commercial property.
Source: K2 International
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