LONDON — February 2, 2026
Executive Summary
K2 Insurance Services has announced the acquisition of the Management Liability Underwriting business of Rising Edge, establishing a new executive risk division under its international platform, K2 Group Holdings Limited (K2 International). The acquired business will operate as K2 Executive Risk Limited and will be led by Yoel Brightman, a management liability specialist with more than two decades of experience in the directors and officers (D&O) insurance market and a founding member of Rising Edge. According to the company, the transaction includes the existing book of business developed at Rising Edge and preserves current capacity arrangements. K2 stated that the acquisition expands its financial lines capabilities and complements its existing underwriting divisions, including Financial Institutions, Professional Liability, and Credit, within the London market.
Announcement Overview
K2 Insurance Services announced that it has completed the acquisition of Rising Edge’s Management Liability Underwriting business, marking a strategic expansion of its financial lines offering within its international operations. The transaction results in the creation of a new division, K2 Executive Risk Limited, which will operate as part of K2 Group Holdings Limited, also known as K2 International.
According to the company, the newly formed division brings an established management liability portfolio into the K2 platform, along with an experienced underwriting team. The acquired business has been rebranded and integrated into K2 International’s underwriting structure while maintaining continuity in its market-facing operations.
K2 stated that the transaction includes the transfer of the book of business built at Rising Edge and that existing capacity arrangements remain in place following the acquisition. The company indicated that this approach is intended to ensure continuity for brokers, clients, and capacity providers.
Key Announcement Details
- Announcement type: Acquisition and business integration
- Acquirer: K2 Insurance Services
- Seller: Rising Edge
- Acquired business: Management Liability Underwriting
- New division: K2 Executive Risk Limited
- Platform: K2 Group Holdings Limited (K2 International)
- Leadership: Yoel Brightman
- Geographic focus: London market
- Transaction scope: Book of business and underwriting team
- Capacity arrangements: Preserved
Strategic Context
According to the company, the acquisition reflects K2 International’s ongoing strategy of expanding its specialty underwriting capabilities through targeted transactions that add complementary product lines and experienced teams. Financial lines insurance, including management liability and D&O coverage, continues to be a core area of focus within the specialty insurance market, particularly in the London market.
K2 stated that the addition of management liability underwriting capabilities strengthens its position across financial institutions, professional liability, and credit-related insurance lines. The company noted that the acquired business aligns with its broader underwriting framework and allows for expanded coverage offerings within its international platform.
The transaction also reflects continued consolidation within specialty insurance underwriting, as platforms seek to scale through the acquisition of established portfolios and underwriting talent. According to K2, the integration of Rising Edge’s management liability business supports its objective of building a diversified underwriting platform anchored in experienced leadership and disciplined underwriting practices.
Formation of K2 Executive Risk Limited
As part of the transaction, the acquired business has been rebranded as K2 Executive Risk Limited. According to K2, the new division will operate within K2 Group Holdings Limited and focus on management liability and executive risk products.
The company stated that K2 Executive Risk Limited will build on the underwriting approach developed at Rising Edge while benefiting from the operational infrastructure and distribution capabilities of the broader K2 platform. The formation of the new division reflects K2’s intent to establish a dedicated executive risk unit within its international operations.
K2 indicated that the division will continue to engage with brokers and market participants through established channels, maintaining consistency in underwriting relationships and capacity support.
Leadership and Management
K2 Executive Risk Limited is led by Yoel Brightman, who brings more than 20 years of experience in the management liability and D&O insurance market. Brightman was a founding member of Rising Edge and played a central role in building the management liability underwriting business acquired by K2.
According to the company, Brightman’s appointment provides continuity in underwriting leadership and ensures that the expertise developed within the Rising Edge platform is retained following the transaction. K2 stated that Brightman will oversee underwriting strategy, portfolio management, and market engagement for the new division.
The company noted that the broader underwriting team associated with the acquired business will also transition to K2 Executive Risk Limited, supporting continuity in underwriting operations and broker relationships.
Executive Commentary from K2 International
“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.”
Commentary from Rising Edge
Philippe Gouraud, CEO of Rising Edge, commented on the transaction and the transition of the business. “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.”
Scope of the Acquired Business
According to K2, the transaction encompasses the management liability underwriting portfolio developed at Rising Edge, including existing client relationships and underwriting frameworks. The company stated that the book of business will continue to operate under established underwriting parameters following the acquisition.
K2 indicated that existing capacity arrangements supporting the management liability portfolio remain unchanged, providing stability for brokers and insureds. The preservation of these arrangements was described by the company as a key component of the transaction structure.
The acquired business is expected to integrate into K2 International’s broader underwriting governance and operational systems while retaining its market-facing identity through the K2 Executive Risk Limited brand.
Market Positioning and Product Alignment
K2 stated that the acquisition enhances its ability to offer a broader suite of financial lines and executive risk products within the London market. Management liability insurance remains a critical component of corporate risk management, particularly for directors and officers operating in regulated and complex environments.
According to the company, the integration of the acquired business allows K2 to align management liability underwriting with its existing offerings in financial institutions, professional liability, and credit insurance. This alignment is intended to support more comprehensive risk solutions for brokers and insureds.
The company noted that the acquisition supports its broader objective of offering specialty insurance products through focused underwriting teams operating within defined risk parameters.
K2 International Platform Overview
K2 Group Holdings Limited, operating as K2 International, serves as the international underwriting platform for K2 Insurance Services. Based in the London market, K2 International houses multiple specialty underwriting divisions spanning a range of insurance and reinsurance lines.
According to the company, K2 International’s underwriting divisions include Commercial Property, Financial Institutions, Marine, Political Violence, Terrorism, and Credit. The addition of K2 Executive Risk Limited expands this portfolio to include dedicated management liability and executive risk underwriting.
The company stated that K2 International operates within the London market’s established underwriting ecosystem, working with brokers, capacity providers, and distribution partners across international markets.
Relationship with K2 Insurance Services
K2 Insurance Services is the parent organization of K2 International and provides strategic oversight, capital support, and operational infrastructure to its underwriting platforms. According to the company, K2 Insurance Services owns and controls a diverse set of managing general agents (MGAs) and underwriting businesses.
The company stated that K2 Insurance Services underwrites and services nearly $2 billion annually in niche commercial and personal insurance premiums. Its operations span marketing, underwriting, and servicing functions across multiple specialty insurance segments.
K2 noted that its international operations are an extension of its broader underwriting and distribution franchise, allowing it to participate in global specialty insurance markets through targeted platforms such as K2 International.
Ownership and Backing
According to the company, K2 Insurance Services is backed by Warburg Pincus, a global private equity firm with investments across multiple industries, including financial services. The company stated that this backing supports its long-term growth strategy and investment in specialty insurance capabilities.
K2 indicated that its leadership team is composed of insurance industry veterans with experience across underwriting, distribution, and specialty program management. This leadership structure supports the company’s approach to building underwriting platforms through disciplined expansion and targeted acquisitions.
Operational Continuity and Integration
K2 stated that the integration of the Rising Edge management liability business into its platform has been structured to prioritize operational continuity. The company indicated that underwriting processes, broker relationships, and capacity arrangements remain consistent following the transaction.
According to K2, the acquired team will operate within the governance framework of K2 International while maintaining its underwriting focus. The company noted that this structure is intended to balance integration with autonomy, allowing the team to continue operating effectively within the market.
About K2 Group Holdings Limited (K2 International)
K2 Group Holdings Limited, operating as K2 International, is a specialty insurance and reinsurance underwriting platform based in the London market. The company operates as part of the broader K2 Insurance Services organization and supports underwriting operations across international markets.
K2 International’s underwriting divisions span multiple specialty lines, including Commercial Property, Financial Institutions, Marine, Political Violence, Terrorism, Credit, and Executive Risk. The platform works with brokers and capacity providers to deliver specialty insurance solutions across global markets.
About K2 Insurance Services
K2 Insurance Services is an insurance services holding company that owns and controls a diverse set of managing general agents and underwriting businesses. The company markets, underwrites, and services nearly $2 billion annually in niche commercial and personal insurance premiums.
According to the company, K2 Insurance Services distributes specialty insurance products through direct, retail, and wholesale channels. Its mission is to provide personalized and specialty insurance solutions through trusted distribution partners. The company was formed and is led by insurance industry veterans and is backed by Warburg Pincus.
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Source Attribution
Source: Company announcement