Specialty insurance and reinsurance underwriting platform K2 International has set its sights on further expansion with the opening of an office in Brussels and the establishment of European operations.
According to the firm, the operations will boost its international business and will focus on responding to any absence of EU passporting rights when the Brexit transition concludes. It is hoped that in time the benefits of the office will be rolled out across the firm and there will be distribution benefits for brokers across the region.
“This is an exciting moment for K2 International as we build and strengthen our business in Europe with the opening of our Brussels office,” said managing director Richard Coello (pictured above). “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.”
Coello will lead the office alongside head underwriter for K2 International Europe Michael Butcher (pictured below).
“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,” Butcher added.
