Key Takeaways
- • K2 Insurance Services formed a new division, K2 Collateral Protection Insurance (K2 CPI), to insure loans secured by all assets, including intellectual property (IP), according to a Business Wire announcement dated February 5, 2026.
- • Brian Delaney, a former Global Head of Intellectual Property Solutions at a top insurer and a 20+ year hedge fund veteran, was named Managing Director and founder of K2 CPI.
- • K2 CPI's flagship product wraps loans with insurance on the underlying collateral value, aiming to unlock non-dilutive growth capital for IP-rich companies and provide capital relief to insured lenders.
- • K2 Insurance Services is an insurance services holding company backed by Warburg Pincus, marketing and underwriting nearly $2 billion in annual niche commercial and personal premiums through its MGAs.
Summary
K2 Insurance Services, a New York-based insurance services holding company, announced the formation of K2 Collateral Protection Insurance (K2 CPI), a new division focused on risk solutions for asset-backed lending. The division is led by Brian Delaney, who joins from a top insurer where he served as Global Head of Intellectual Property Solutions. Delaney is described by the company as an industry-leading underwriter with more than two decades of capital markets experience, including a period as a short seller for several multi-billion-dollar hedge funds. He holds an MBA from Harvard Business School and a BS from Boston College.
According to the announcement, K2 CPI's flagship product is a comprehensive insurance wrap for loans secured by all assets, including intellectual property. The company says the product responds to a shift from tangible to intangible assets in the global economy, noting that IP-rich companies have historically had difficulty accessing traditional debt markets and often had only dilutive equity raises available. By insuring the underlying collateral value, K2 CPI says it can transform IP into a bankable asset. For insured lenders, the wrap is described as providing protection against collateral value volatility in the event of default, as well as capital relief and the potential to expand internal lending limits by shifting credit risk to highly rated insurance capacity.
Delaney said the product focuses on higher credit quality borrowers and structures designed to align insured lenders with the insurance community. CEO Bob Kimmel said Delaney's capital markets expertise supports the company's diversification of its specialty offerings. K2 Insurance Services describes itself as owning and controlling a diverse set of MGAs that market, underwrite and service nearly $2 billion in annual niche commercial and personal insurance premiums, and says it is backed by Warburg Pincus. The release did not disclose financial terms, capitalization, or launch timing for K2 CPI.
According to the announcement, K2 CPI's flagship product is a comprehensive insurance wrap for loans secured by all assets, including intellectual property. The company says the product responds to a shift from tangible to intangible assets in the global economy, noting that IP-rich companies have historically had difficulty accessing traditional debt markets and often had only dilutive equity raises available. By insuring the underlying collateral value, K2 CPI says it can transform IP into a bankable asset. For insured lenders, the wrap is described as providing protection against collateral value volatility in the event of default, as well as capital relief and the potential to expand internal lending limits by shifting credit risk to highly rated insurance capacity.
Delaney said the product focuses on higher credit quality borrowers and structures designed to align insured lenders with the insurance community. CEO Bob Kimmel said Delaney's capital markets expertise supports the company's diversification of its specialty offerings. K2 Insurance Services describes itself as owning and controlling a diverse set of MGAs that market, underwrite and service nearly $2 billion in annual niche commercial and personal insurance premiums, and says it is backed by Warburg Pincus. The release did not disclose financial terms, capitalization, or launch timing for K2 CPI.
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