K2 launches European operations in Brexit move

K2 International, a specialty insurance and reinsurance underwriting platform, has expanded its operations to Europe with the opening of an office in Brussels.

The new office will be led by Michael Butcher, head underwriter for K2 International Europe SA, who will report to Richard Coello, managing director of K2 International.

The new operation in Brussels seeks to strengthen K2’s existing international business and will initially focus on responding to any absence of EU passporting rights at the end of the Brexit transition period, and later expand its business throughout the Europe.

Coello said: “This is an exciting moment for K2 International as we build and strengthen our business in Europe with the opening of our Brussels office. 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. I am confident Michael will bring dynamism and outstanding technical skill to deliver risk management and insurance solutions to clients and brokers across the continent.”

Butcher added: “K2 International has a reputation for exacting underwriting standards in the financial institutions markets across Europe. 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.”