K2 Group Holdings has launched a division focusing on marine and US property risk in the London market led by a team of former Ascot underwriters.
K2 Rubicon Specialty will see ex-Ascot cargo underwriters Gavin Wall and Chris McGill reunite with former Ascot colleagues Matthew Eve and Parth Patel to spearhead the launch of the unit.
There has been significant speculation in the London cargo market over the eventual destination of Wall and McGill following their resignations from Ascot last year.
Their resignations were followed by property class underwriter Matthew Eve in June 2023, whilst Parth Patel exited the firm earlier that year following the retirement of longtime CEO Andrew Brooks.
K2 Group Holdings is part of K2 Insurance Services, and is an insurance and reinsurance underwriting platform based in London.
K2 Insurance Services CEO Bob Kimmel said: “The 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’s success.”
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