Specialty insurance programme manager K2 Insurance Services LLC, has agreed a multi-year partnership with catastrophe risk modelling specialist Moody’s RMS. The deal covers three of K2’s managing general agents - K2 CAT, K2 Property D&F, and Vikco Insurance Services LLC.

These MGAs will use various Moody’s RMS risk models covering perils such as earthquakes, hurricanes, floods, severe convective storms, and windstorms.

David Carson, head underwriter at K2 CAT, said: “It has been a successful few years for K2 Insurance Services, most recently with significant investment from Warburg Pincus to support K2’s continued growth strategy and our commitment to offering best-in-class services to our clients.

“Moody’s RMS has played an important role in our success story, providing a key tool in our rating methodology, ensuring we price and manage our exposures as accurately and efficiently as possible. We are excited to continue working closely with their reliable and capable team as we extend our long-term partnership even further.”

Jason Futers, managing director at Moody’s RMS, added: “We are thrilled to continue working with K2 Insurance Services and their underwriters as they strive to provide thorough coverage for natural catastrophe perils across the world. We are also very proud to play a role in supporting the business’ continued expansion.”

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