{"id":22046,"date":"2024-06-21T16:37:25","date_gmt":"2024-06-21T16:37:25","guid":{"rendered":"https:\/\/www.insurancejournal.com\/?p=780649"},"modified":"2024-06-21T16:37:25","modified_gmt":"2024-06-21T16:37:25","slug":"warburg-pincus-k2-launches-london-based-mga-k2-rubicon-specialty","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2024\/06\/21\/warburg-pincus-k2-launches-london-based-mga-k2-rubicon-specialty\/","title":{"rendered":"Warburg Pincus\u2019 K2 Launches London-Based MGA, K2 Rubicon Specialty"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.insurancejournal.com\/app\/uploads\/2016\/11\/bigstock-Vector-illustration-concept-of-67918936-e1578403182774-580x348.jpg\"><\/p>\n<div><img decoding=\"async\" src=\"https:\/\/www.insurancejournal.com\/app\/uploads\/2016\/11\/bigstock-Vector-illustration-concept-of-67918936-e1578403182774.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<ul class=\"nav nav-tabs tabs tabs-entry\">\n<li class=\"active\"><a href=\"https:\/\/www.insurancejournal.com\/news\/international\/2024\/06\/21\/780649.htm\">Article<\/a><\/li>\n<li><a href=\"https:\/\/www.insurancejournal.com\/news\/international\/2024\/06\/21\/780649.htm?comments\" rel=\"nofollow\">0 Comments<\/a><\/li>\n<\/ul>\n<div class=\"article-content clearfix\">\n<p>K2 International, the specialty re\/insurance underwriting platform that is owned by private equity firm Warburg Pincus, announced the launch of a London-based MGA called K2 Rubicon Specialty.<\/p>\n<p>The new MGA division was founded by four market veterans from Ascot Group: Gavin Wall (Ascot\u2019s former executive underwriter); Parth Patel (Ascot\u2019s former chief risk officer); Chris McGill (Ascot\u2019s former head of Cargo and active underwriter at Parsyl Syndicate 1796); and Matt Eve (former property class underwriter).<\/p>\n<div class=\"bzn bzn-sized bzn-intext\">\n<ins data-revive-zoneid=\"79\" data-revive-topics=\"excess-surplus,insurance-wholesale,new-markets\" data-revive-companies data-revive-block=\"1\" data-revive-id=\"36eb7c2bd3daa932a43cc2a8ffbed3a9\"><\/ins> <\/div>\n<p>K2 Rubicon Specialty will write in the London market across multiple lines including marine and US property.<\/p>\n<p>London-based K2 International (formally operating as K2 Group Holdings) is a unit of K2 Insurance Services, the insurance services holding company in San Diego that owns and controls a set of MGAs \u2013 marketing, underwriting and servicing over $1 billion annually in niche commercial and personal insurance premiums.<\/p>\n<p>\u201cWe are delighted to join K2\u2019s expanding MGA platform in London, which prioritizes underwriting excellence and exceptional client service,\u201d said Wall in a statement. \u201cI\u2019m excited to lead this team of seasoned insurance professionals and leverage all the benefits that an MGA platform such as K2 Insurance Services provides.\u201d<\/p>\n<p>\u201cWe\u2019re thrilled to launch this new division and welcome such skilled underwriting talent to our team,\u201d said Richard Coello, CEO of K2 Group Holdings Ltd. \u201cTheir expertise will significantly enhance our profile and capacity provider offering in the market.\u201d (K2 Group Holdings, or K2 International, expects gross written premium of more than $150 million across its four business sectors of property catastrophe, commercial property financial institutions and credit.)<\/p>\n<p>\u201cThe growth of K2 International is a strategic priority for us. The launch of K2 Rubicon Specialty, combined with the addition of such highly regarded insurance services talent, will be a powerful driver of K2 International\u2019s success,\u201d commented Bob Kimmel, CEO and co-founder of K2 Insurance Services, which was <a href=\"https:\/\/www.insurancejournal.com\/news\/national\/2022\/12\/01\/697085.htm\" target=\"_blank\" rel=\"noopener\">purchased by Warburg Pincus in 2022<\/a>.<\/p>\n<p><em>Source: K2 International (K2 Group Holdings)<\/em><\/p>\n<p class=\"tagtag\"> <span class=\"tagtag\">Topics<\/span> <a href=\"https:\/\/www.insurancejournal.com\/excess-surplus\/\" class=\"btn btn-sm btn-primary tagtag\">Excess Surplus<\/a> <a href=\"https:\/\/www.insurancejournal.com\/new-markets\/\" class=\"btn btn-sm btn-primary tagtag\">New Markets<\/a> <a href=\"https:\/\/www.insurancejournal.com\/insurance-wholesale\/\" class=\"btn btn-sm btn-primary tagtag\">Insurance Wholesale<\/a> <a href=\"https:\/\/www.insurancejournal.com\/location\/london\/\" class=\"btn btn-sm btn-primary tagtag\">London<\/a> <\/p>\n<\/p><\/div>\n<div class=\"article-poll\" data-post=\"780649\">\n<div class=\"article-poll-vote\">\n<p>Was this article valuable?<\/p>\n<\/p><\/div>\n<div class=\"article-poll-feedback voted-no\">\n<form class=\"feedback-form\">\n<p>Thank you! 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The new MGA division&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":22047,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[330,24,888,889,890,369,370,1],"jetpack_featured_media_url":"https:\/\/blog.lifeinsurance-orleans.ca\/wp-content\/uploads\/2024\/06\/warburg-pincus-k2-launches-london-based-mga-k2-rubicon-specialty.jpg","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/22046"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=22046"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/22046\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media\/22047"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=22046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=22046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=22046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}