K2 International is a specialty insurance and reinsurance underwriting platform – the London-based arm of K2 Insurance Services, a leading underwriting and distribution franchise in the US program insurance market. Our established insurance and reinsurance books of business will collectively underwrite up to $200m of premium in 2020, spanning the property catastrophe, commercial property and financial institutions sectors. We deliver targeted distribution to our capital via in-depth, innovative underwriting, all of which are fundamental to our ambition to make K2 International the leading virtual (re) insurer in the world.
K2 CAT brings property catastrophe reinsurance underwriting, distribution and portfolio management expertise to its capacity providers. The team is led by David Carson who has over 30 years’ experience in the Lloyd’s and London Market.
Focusing, principally, on traditional property cat reinsurance, and targeting regional specialists, K2 CAT underwrites in the US, Japan, Canada and the Caribbean, enjoying strong support from its global broker network. Empowered decision-makers, K2 CAT will underwrite $100m of premium in 2020 via six non-aggregating facilities, primarily on behalf of Peak Re (our original backer) but also for Taiping Re and Cathay Century Insurance.
Investment management businesses around the world rely on K2 Financial for specialist insurance – our expert knowledge, thought leadership and service set us apart in the market, providing clients and brokers with an unrivalled offering. Our underwriters have won multiple industry awards and hold both insurance-related and fund management qualifications.
We use our capacity to provide highly tailored cover for professional indemnity, directors’ and officers’ liability, and crime insurance. All our policies meet local and international regulatory requirements, such as those found in the EU’s AIFMD directive. K2 Financial partners with Lloyd’s carriers, all of which are rated A by A.M. Best, A+ by Standard & Poor’s and AA- by Fitch.
K2 PROPERTY DIRECT & FACULTATIVE
K2 Property Direct & Facultative underwrites on a worldwide basis and has built a market reputation for disciplined underwriting of complex commercial risks and catastrophe exposures, whilst maintaining a strong emphasis on relationships. There is a technical and considered approach to pricing, coupled with a comprehensive understanding of risk management across a broad range of occupancies and territories. The underwriters are supported by an experienced exposure management team.
Backed by Everest Reinsurance Company, our clients can be confident that K2 Property D&F provides the assurance of unsurpassed financial strength behind every policy.
K2 lnternational launches in Europe
K2 International is pleased to announce their launch into Europe with the opening of their Brussels office. The new office will further strengthen K2’s existing, robust European offering and will initially focus on its financial institutions business with additional specialisms added over time.