K2 Financial taps new SVP to spearhead US operation

K2 Financial taps new SVP to spearhead US operation | Insurance Business America

Insurance News

Move is part of company’s commitment to establishing a US presence

Insurance News

By
Steven Byerley

K2 Financial, a division of K2 International and part of K2 Insurance Services, an independent specialty insurance program manager, has announced the appointment of Kevin Leach as senior vice president and founder of its US operation. This move is part of K2 Financial’s commitment to establishing a presence in the US market.

Leach has extensive experience in the insurance sector. Prior to joining K2, he served as the head of financial institutions at Hanover in the US, as well as holding roles at Allianz and CNA. His appointment reflects K2 Financial’s strategic focus on expanding its capabilities and accessibility in the US market, the company said.

“It has been a long-standing ambition of our business to build an on-the-ground capability in the US, recognising K2 is a well-established US domiciled business already,” said Richard Coello, co-founder and managing director of K2 Financial. “While our operation in the UK has seen remarkable compound growth since 2014, attracting an enviable client base worldwide through our valued London broker partners, it has become clear there is a huge amount of business we simply do not (and would not) see without some US infrastructure. To this end, it makes absolute sense to create a product offering that is accessible to customers and brokers directly in the US.”

“Our existing broker distribution will be unaffected by this change. For K2 Financial, this is all about attracting new business we would not otherwise see,” Coello said. “With Kevin joining the team, K2 Financial will bring our products and services to a whole new set of clients and producers. This is an exciting development – one that will further embed our reputation as the world’s leading underwriting service company for investment and fintech businesses.”

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