Managing Director, K2 Cat
CurrentFounded in Sept 2013 by David Carson, K2 CAT (formerly Pioneer CAT) is based in London as part of K2 International, the specialist MGA. Since its inception, K2 CAT has demonstrated the ability to originate substantial quantities of attractive reinsurance proposals, whilst consistently sourcing capital that wishes to take advantage of our underwriting experience in the areas in which we operate.We focus principally on traditional property catastrophe reinsurance, delivering underwriting, portfolio management and distribution expertise to our capacity providers, utilising a global network of brokers. Backed by first class security, we write traditional property treaty business in the US, Canada, Caribbean, Japan & (from 2025) Latin America via a number of distinct, delegated facilities. As a relentless advocate of the carriers we represent, to date, we have committed over USD 6bn of limit on their behalf & profitably bound > USD 700m of premium. In-house modelling, actuarial, claims, best-in-class MI & compliance resources support the underwriting team. Our facilities enjoy strong support from all the major brokers. Each facility has its own dedicated capacity and lines are not aggregated where more than one facility is involved on the same programme.Max Cat XL capacity varies by territory but, generally, is up to USD 15m per programme. We are a quoting market. We travel. We have an opinion. We are decision-makers. Claims are settled quickly - an essential component of our “promise to pay”. Products offered:— Cat XL— Pro Rata— Risk XL— Aggregate XL— Retro & ILWWe can build, and have built, bespoke portfolios of cat business tailored exactly to a carrier’s risk appetite. We are always interested in engaging with well-capitalised, forward-thinking, partners. Business can be accepted either via a carrier’s balance sheet; or using a fronting company; or via a segregated cell structure with a collateralised QS (also using a fronting company).
