K2 Parametric MGA launches with Swiss Re’s Scott Carpinteri at helm

K2 Parametric MGA launches with Swiss Re’s Scott Carpinteri at helm

A brand-new parametric insurance coverage managing general company (MGA) has been launched by K2 Insurance Services, with a recognised specialist Scott Carpinteri, who was previously at Swiss Re Corporate Solutions, taking the helm.Interest in parametric risk transfer continues to broaden and along with that it now seems there are new launches practically weekly, as underwriters seek to specialise in the area.
K2 Insurance Services, LLC, an insurance coverage services holding company, which manages a variety and owns of specialized program administrators, revealed its newest MGA as K2 Parametric.
Carpinteri, an industry veteran with over 25 years of insurance coverage market experience, with the last 6 spent with Swiss Re Corporate Solutions, will lead K2 Parametric.
Carpinteri has actually focused much of his profession on advancing the development and success of parametric insurance and risk transfer as a danger management tool.
K2 Parametric will operate out of California under Carpinteris leadership.
The company thinks parametric threat transfer is helpful as consumers can use policy profits, from fast payments, to offset net expenses associated with a catastrophe or weather occasion, beyond the pure physical damage costs, so supplementing gaps in traditional indemnity insurance plan.
” Parametric Insurance is my expert passion and I look forward to providing collaborative, bespoke solutions for customers and brokers,” Carpinteri stated. “The MGA production design is ideal for the parametric space as it enables utmost focus on the sales procedure which trusts 3 crucial elements: education, education, and education,”
” We are exceptionally excited to partner with Scott– his underwriting acumen and understanding of Parametric Insurance are unequaled in our experience,” added Nate Hunter, CFO of K2. “Scott is exactly the sort of partner we look for to join our growing team– he has a devoted, deep following of production sources and is extremely efficient in producing an outstanding underwriting result for his capability partners.”

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