Chaucer to provide capacity for K2 Financial

Specialist Lloyd's insurance group Chaucer has agreed to provide capacity to London-based underwriting platform K2 International.

The agreement with Chaucer, which came into effect on November 1, will allow K2 Financial to provide "significant capacity" to its specialist investment management client globally.

Richard Coello, managing director of K2 Financial, said: “I’m proud that Chaucer has given K2 Financial this vote of confidence in our business and growth plans. 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.”

Paul Restarick, casualty & political risk manager at Chaucer, added: “We aim to provide clients with creative underwriting products and a first-class service, and our partnership with K2 Financial will deliver this. 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.”