K2 International Acquires Rising Edge's Management Liability Underwriting Business

United Risk Acquires Pinnacle Underwriting (Sydney)

June 18, 2025

Financial Services

United Risk has completed the acquisition of Pinnacle Underwriting Pty Ltd and its affiliate Pinnacle Holdings Group Pty Ltd, a Sydney-headquartered specialty facultative reinsurance MGA with offices in Melbourne, Singapore and Dubai. The deal expands United Risk's MGA footprint and geographic reach across the Asia-Pacific and MENA regions and adds a property-heavy reinsurance book (approximately 80% property writings) to United Risk's global portfolio.

RYZE Claim Solutions Acquires Leading Edge Claims Service

April 2, 2025

Professional Services

RYZE Claim Solutions, majority-owned by Bain Capital Insurance, has acquired Leading Edge Claims Service of Southlake, Texas. Leading Edge will operate as a division of RYZE with founder Troy Hansen continuing to lead operations, strengthening RYZE's national claims capabilities in daily, catastrophe and TPA services.

Warburg Pincus Acquires K2 Insurance Services from Lee Equity Partners

December 1, 2022

Insurance

Warburg Pincus has agreed to acquire K2 Insurance Services from Lee Equity Partners to support the company's next phase of growth, including M&A and de-novo incubation. K2, a San Diego-based specialty insurance program manager that services over $1 billion in premiums through a portfolio of MGAs, will be backed by Warburg Pincus to expand its underwriting and distribution capabilities.

K2 Insurance Services Makes Early-Stage Investment in Loss Run Pro

March 31, 2021

Insurance

K2 Insurance Services, LLC made an early-stage growth investment in Loss Run Pro, LLC, a Missoula, Montana–based insurtech that provides subscription software to request, track, and manage loss runs. K2 said the investment and its network of MGAs, carriers and brokers will help Loss Run Pro expand its carrier and broker distribution and accelerate product adoption.

Lee Equity Acquires Majority Stake in K2 Insurance Services

May 14, 2019

Financial Services

Lee Equity Partners has signed a definitive agreement to acquire a majority ownership interest in K2 Insurance Services, a San Diego-based specialty insurance services holding company that owns a group of managing general agents (MGAs). K2's management, led by CEO Bob Kimmel, will remain in place with a meaningful equity stake; K2's carrier Aegis Security Insurance Company will be spun off and remain with Endeavour Capital and Patrick Kilkenny. The investment is intended to support K2's organic growth and acquisition-driven expansion of its specialty MGA platform.

All Risks Ltd Acquires Specialty Risk Underwriters

December 1, 2015

Insurance

All Risks Ltd. has acquired Specialty Risk Underwriters, a St. Petersburg, Florida-based national program administrator specializing in accident insurance and comprehensive packages for sports organizations, schools, colleges, camps and special events. The founders, Kent and JoAnna Lynch, joined All Risks’ Alive Risk division and will operate from the St. Petersburg office; terms were not disclosed.