K2 International launches K2 Credit

K2 International, a division of K2 Insurance Services, announced the launch of K2 Credit. This new division founded by Benedict Gedye and Josh Madeiros will write comprehensive Non-Payment Insurance across Single Risk and Portfolios for businesses in the Non-Bank sector.

K2 Credit is backed by Lloyd’s licensing (AA- rated) and led by QBE, with additional backing from Lloyd’s of London syndicates. K2 Credit provides solutions across single risks and multi-buyer portfolios, including excess of loss, with capacity over $20 million for any one obligor risk and a maximum aggregate limit of over $100 million across portfolios. Specializing in sector-agnostic, trade-related, short to medium-term business, K2 Credit is committed to delivering flexible and comprehensive coverage tailored to client needs.

“K2 Credit represents an exciting new chapter for K2 International as we expand our offerings to meet the growing demand for sophisticated Credit insurance solutions. I’ve been particularly excited to see the development of this offering, as it focuses on the same underserved client base as the one K2 Financial was formed to support – the non-bank investment sector. In turn, I look forward with great anticipation to seeing how the plan progresses, under Ben and Josh’s expert stewardship.” – Richard Coello, CEO of K2 International.