PriyaPatel
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TLDR:
- K2 Insurance Services appoints Richard Coello as CEO of K2 International to continue growth
- K2 International operates in the London market with anticipated Gross Written Premiums exceeding $150m in 2024
K2 Insurance reveals new head of K2 International in bid to continue growth
K2 Insurance Services, a specialty insurance program manager, has appointed Richard Coello as the new CEO of K2 International to drive growth. K2 International operates as a specialty insurance and reinsurance underwriting platform located in the London market and is a subsidiary of K2 Insurance Services in the US.
Anticipated Gross Written Premiums for 2024 are expected to surpass $150m, covering property catastrophe, commercial property, financial institutions, and credit sectors. The growth of K2 International was highlighted as a priority following its acquisition by Warburg Pincus.
Coello, with his experience in building successful underwriting businesses, is set to lead K2 International. He has been instrumental in the growth of K2 Financial and expanding into the FinTech and US direct markets. Coello’s appointment signifies a strategic move by K2 Insurance Services to continue its international growth.
Richard Coello expressed his excitement about the new role, emphasizing the support from the parent company and the focus on growth. Coello aims to nurture underwriting talent and provide the infrastructure for successful businesses within K2 International.
Overall, the strategic appointment of Richard Coello as the CEO of K2 International signals a continued commitment to growth and expansion within the specialty insurance market.
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