London, 30 September 2020, K2 International (K2), the specialty insurance and reinsurance underwriting platform, is pleased to announce the establishment of European operations with the opening of an 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 Financial.
The new operation in Brussels will further strengthen K2’s existing international business and will initially focus on responding to any absence of EU passporting rights at the end of the Brexit transition period. In time, the benefits of the Brussels office will be rolled out across K2 International, to produce direct distribution benefits to brokers across Europe.
Richard Coello, Managing Director K2 Financial commented:
“This is an exciting moment for K2 International as we build and strengthen our business in Europe with the opening of our Brussels office. While immediately supporting the development of our financial institutions business, the new office will help us to deliver on our strategic goal of expanding into additional business classes across Europe. I am confident Michael will bring dynamism and outstanding technical skill to deliver risk management and insurance solutions to clients and brokers across the continent.”
Michael Butcher, Head Underwriter for K2 International Europe S.A. added:
“K2 International has a reputation for exacting underwriting standards in the financial institutions markets across Europe. Our new office location will give us the opportunity to get closer to existing clients and brokers and build new relationships in an expanding list of business classes throughout the whole of Europe.”
About K2 International
K2 International is a specialty insurance and reinsurance underwriting platform, based at the heart of the London market. It is owned by K2 Insurance Services, a leading underwriting and distribution franchise in the US program insurance market. GWP in 2020 is expected to be $200m, across its business sectors of property catastrophe, financial institutions and commercial property.