K2 Credit

Led by Benedict Gedye and Josh Madeiros, K2 Credit offers bespoke Credit (aka Non-Payment Insurance) insurance solutions to non-bank lenders, protecting them against borrower default, thereby, de-risking and facilitating capital market investment into the trade finance sector.

K2 Credit offers comprehensive Non-Payment insurance across both Single Risk and Portfolio structures for businesses in the Non-Bank sector. The business targets an underserved, but growing, part of the Credit Insurance market, with a consistent and thorough approach to risk. This is paired with a strong distribution plan that is specifically aligned with building long-term client relationships.

The team is open and flexible on structures and wants to engage closely with broking partners to deliver innovative client solutions. Engagement with the strongest prospective insureds follows a rigorous due diligence process, informed by a proprietary underwriting methodology designed in collaboration with K2 Financial; a leading ratings agency; and a third party credit-focused actuarial consultant.

K2 Credit underwrites with Lloyd's AA- rated paper, allowing wide licensing, with a significant line size. Bespoke / manuscript wordings, tailored coverage with multiyear policies, are available. The team holds insurance and trade finance related qualifications, as well as having a unique approach to structuring solutions across both Single Risk and Portfolio solutions. K2 Credit can be competitive across a range of structures, with Excess of Loss a particular focus.