K2’s accomplished senior supervisory crew, under the administration of Bob Kimmel, President and CEO, will keep on driving the organization and will hold a significant value stake in the business. As a major aspect of the exchange, K2’s strength protection transporter, Aegis Security Insurance Company, will be spun off and stay under the responsibility for Capital and Patrick Kilkenny.
The exchange is required to shut in the second quarter of 2019. Money related terms of the exchange were not revealed.
Situated in San Diego, California, K2 is a forte protection administrations holding organization, which possesses an assorted gathering of MGAs that endorse and disperse claim to fame property and setback protection items. K2’s fourteen MGAs each serve an exceptional, specialty protection end showcase. In total, K2’s program administrators compose over $650 million of claim to fame protection premiums.
“Since our establishing in 2011, K2 has turned out to be one of the quickest developing and biggest program administrators in the U.S., with an attention on creating industry driving guaranteeing results for our bearer accomplices,” said Bob Kimmel, President and CEO of K2. “With Lee Equity’s learning and experience putting resources into the protection business, we anticipate proceeding to expand on our demonstrated reputation of drawing in superb claim to fame guaranteeing groups, securing strength MGAs, and developing naturally. We will do this by offering our MGAs new appropriation channels, innovation improvements and access to extra bearer organizations.”
Through the span of the previous eight years, K2 has gained huge ground on its development system, growing its business crosswise over different forte protection lines while building a various, steadfast system of appropriation accomplices and world-class bearers and reinsurers. With its market-driving position and the help of Lee Equity, K2 will be all around situated for proceeded with natural and securing driven development.