Specialty insurance and reinsurance underwriting platform K2 International has announced that it has secured additional capacity support from Chaucer. The agreement, which took effect Nov. 1, will allow K2 Financial to provide significant capacity to its specialist investment management client base, the company said.
“I’m proud that Chaucer has given K2 Financial this vote of confidence in our business and growth plans,” said Richard Coello, managing director of K2 Financial. “Investment managers can rely on the risk management, insurance cover and thought leadership K2 Financial offers together with the highest quality capacity. 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.”
“We aim to provide clients with creative products and a first-class service, and our partnership with K2 Financial will deliver this,” said Paul Restarick, casualty and political risk manager at Chaucer. “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.”