K2
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K2 plans to put $10mn-$20mn into the new syndicate, with third-party investors teeing up to fund the rest. -
Munich Re’s capacity is backing insurance programs for municipalities, fire and emergency services as well as water facilities.
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The partnership will increase K2's capacity for US hurricane and earthquake exposure.
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Kevin Leach was formerly The Hanover Insurance Group’s financial institutions leader and VP.
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She retired from Zurich last month following a 20-year career at the firm.
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Leach joins the MGA as a founder of K2 Financial’s US operations and was previously head of FI at Hanover.
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The MGA is also looking at securing a captive wholesale broker, and a niche play within reinsurance broking.
