K2 Insurance Services launches collateral protection unit focused on IP-backed lending

K2 Insurance Services  has launched a new division, K2 Collateral Protection Insurance (K2 CPI), focused on providing insurance solutions for asset backed and intellectual property lending. The company also appointed Brian Delaney to lead the new unit.

Delaney previously served as Global Head of Intellectual Property Solutions at a major insurer and brings more than two decades of capital markets experience, including time as a hedge fund short seller. At K2 CPI, he will oversee the development of insurance products designed to support loans secured by both tangible and intangible assets, including intellectual property.

The division’s flagship product offers an insurance wrap for loans backed by IP and other assets, aiming to address liquidity challenges faced by IP heavy companies that often lack access to traditional debt financing. For lenders, the coverage is intended to protect against collateral value volatility and support expanded lending capacity by transferring credit risk to rated insurance markets.

K2 Insurance Services, backed by Warburg Pincus, operates a portfolio of MGAs and specialty programs that collectively underwrite nearly $2 billion in annual premium.