K2 Insurance Services, a specialty insurance company focused on building and supporting niche insurance programs, has confirmed its acquisition of Oculus Underwriters.
As part of the transaction, Oculus Underwriters will become part of Vikco Insurance Services, operating under the established brand within the K2 Insurance Services group.
Oculus Underwriters specializes in providing customized property insurance solutions designed for the small to mid-sized commercial market.
With this acquisition, K2 Insurance Services adds Oculus Underwriters’ existing portfolio and underwriting expertise to Vikco Insurance Services, thereby enhancing its capabilities and strengthening its position in the commercial property insurance space.
K2 Insurance Services said the acquisition supports its approach to continuously expand its specialist platform and strengthen its position in targeted areas of the insurance market.
“We are pleased to welcome Bryan and the Oculus team to K2,” commented Bob Kimmel, CEO of K2 Insurance Services. “This acquisition is perfectly aligned with our goal of expanding capabilities and partnering with best-in-class underwriting talent. Oculus brings a highly complementary playbook that will enhance Vikco’s offerings to the small and mid-sized commercial market. We look forward to supporting the team’s continued success.”
Bryan Schofield, CEO of Oculus Underwriters, added: “We are extremely proud of the successful business we have built at Oculus. K2 and Vikco provide the perfect home for us to drive our business forward. Their extensive distribution network, trusted carrier partnerships and commitment to underwriting excellence will provide us with the platform we need to accelerate growth and continue to deliver top-notch solutions to our customers.”