Vikco Builder’s Risk Launches with Backing by K2 Insurance Services

Business Wire

New program brings innovative Builder’s Risk solutions to the construction industry through trusted partnerships with TruStage, another U.S. domestic market, and Lloyd’s

CHICAGO--(BUSINESS WIRE)--
Vikco Builder’s Risk, a division of Vikco Insurance Services and backed by K2 Insurance Services, announces today the launch of their Managing General Agent (MGA) specializing in excess and surplus lines Builder’s Risk Insurance. This new program leverages extensive underwriting expertise and strong partnerships to deliver tailored solutions to the construction industry.

The Vikco Builder’s Risk program, developed in partnership with TruStage, another U.S. domestic market, and Lloyd’s, offers broad capacity of up to $20 million for all construction types, with $5 million to $10 million available for critical CAT coverage, including Tier 1 Named Windstorm, California Earthquake, and Special Flood Hazard Areas. Policies are written on non-admitted paper rated A- (Excellent) or better by AM Best. Target classes include projects ranging from less than $1 million to $100 million and beyond, covering ground-up new construction, prior starts, four-wall projects, and utility and infrastructure developments.

“We’re thrilled to launch Vikco Builder’s Risk in partnership with such great industry leaders,” said Kaileigh Bowe, Executive Vice President of Vikco Insurance Services. “This program reflects our commitment to delivering the underwriting excellence, customer-focused solutions, and long-term stability that define Vikco and K2 in the US construction market.”

“TruStage™ Specialty Commercial Programs are designed to help niche markets and businesses protect what matters most,” said Stafford Chisholm, Vice President of P&C Programs at TruStage Specialty Insurance Company. “We are proud to partner with Vikco and K2 Insurance Services, whose deep expertise in Builder’s Risk underwriting makes them an ideal partner for the construction industry. This collaboration aligns perfectly with our commitment to expanding our Program Business portfolio and delivering long-term value to our clients.”

About Vikco Insurance Services:

Vikco Insurance Services is a leader in the Commercial Difference in Conditions/Earthquake Shock market with a reputation for reliability, professionalism and knowledge. Vikco takes a rate driven approach to underwriting, providing greater consistency to insureds by reducing premium fluctuations common with other companies whose underwriting focuses on modeling software. The entire team at Vikco is ready and dedicated to providing prompt, responsive service for a wide range of risks.

Vikco Insurance Services is a K2 Insurance Services brand.

About K2 Insurance Services:

K2 Insurance Services is an insurance services holding company that owns and controls a diverse set of MGAs, marketing, underwriting and servicing over $1.5 billion annually in niche commercial and personal insurance premiums. Our mission is to protect what matters most to our partners and clients through personalized and specialty insurance products by distributing innovative programs and products through trusted direct, retail and wholesale channels. Formed and led by successful insurance industry veterans and backed by Warburg Pincus, K2 is leading the way with specialty insurance programs.

About TruStage

TruStage is a financially strong insurance, investment and technology provider, built on the philosophy of people helping people. We believe a brighter financial future should be accessible to everyone, and our products and solutions help people confidently make financial decisions that work for them at every stage of life. With a culture rooted and focused on creating a more equitable society and financial system, we are deeply committed to giving back to our communities to improve the lives of those we serve. For more information, visit www.trustage.com.

TruStage™ Specialty Commercial Programs insurance products are issued by CUMIS Insurance Society Inc. and/or CUMIS Specialty Insurance Company Inc. Some coverages may not be available in all states. CUMIS Specialty Insurance Company, our excess and surplus lines carrier, underwrites coverages that are not available in the admitted market. Corporate Headquarters 5910 Mineral Point Road, Madison, WI