K2 Insurance Services acquires Oculus Underwriters

K2 Insurance Services has acquired Oculus Underwriters , expanding its presence in the small commercial insurance market. Following the deal, Oculus will operate under Vikco Insurance Services, a brand within K2’s portfolio.

Founded as a specialized underwriting management program for small businesses, Oculus focuses on Business Owner’s Policy and commercial property coverage for small to midsize commercial risks. The acquisition adds Oculus’ underwriting capabilities and existing book of business to Vikco’s operations.

“We are incredibly proud of the successful business we have built at Oculus. K2 and Vikco provide the perfect home for us to take our business forward. Their extensive distribution network, trusted carrier partnerships and commitment to underwriting excellence will give us the platform needed to accelerate our growth and continue delivering top-tier solutions to our clients.” – Bryan Schofield, CEO of Oculus Underwriters.

K2 Insurance Services manages nearly $2 billion in niche commercial and personal insurance premiums across its MGA and underwriting platform and is backed by Warburg Pincus.