K2 Insurance Services announces today the acquisition of Rising Edge’s Management Liability Underwriting business. This team will form a new division, rebranded K2 Executive Risk Limited, as part of K2 Group Holdings Limited (K2 International).
K2 Executive Risk Limited is led by Yoel Brightman, a 20+ year D&O market specialist and former founding member at Rising Edge. The transaction includes the book of business built at Rising Edge and preserves existing capacity arrangements.
“We are thrilled to undertake this transaction and are delighted to have Yoel and his team on board,” said Richard Coello, CEO of K2 International. “It not only brings us a high-performing book of business in its own right but is highly complementary to our existing Financial Institutions, Professional Liability and Credit offerings. We look forward to supporting the team’s continued success.”
Philippe Gouraud, CEO of Rising Edge said: “We are pleased to have built a successful business that meets K2’s high standards. K2 is the perfect home for Yoel and his team to take the business forward.”
