Richard Coello (pictured) has been appointed as chief executive of K2 Group Holdings Limited (K2 International), the London Market underwriting arm of US-based K2 Insurance Services, effective March 1.
Recognised for his expertise in growing underwriting businesses, Coello built K2 Financial and spearheaded its growth to a US$65 million premium firm over the past decade. Alongside David Carson, he has co-led K2 International since its acquisition by K2 Insurance Services in 2020, guiding the company through significant changes, including its recent swoop by Warburg Pincus.
Coello’s credentials also include time spent forming the financial institutions division at Travelers Europe.
Emphasizing the support from K2 International’s parent company and its owners, Coello commented: “I am extremely proud to be given the opportunity to support K2 International in this new stage of development.
The soon-to-be chief executive also highlighted his eagerness to engage with up-and-coming underwriting talent, aiming to provide them with the necessary infrastructure to forge their own paths to success.
Bob Kimmel, CEO and co-founder of K2 Insurance Services, expressed his confidence in Coello’s leadership, particularly amid the group’s growth plans.
He noted: “Following the Warburg Pincus transaction, we see K2 International’s growth as one of our key strategic priorities, and this appointment demonstrates the trust we have in Richard to bring his success to date to new teams and acquisitions.”
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