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Risk Management

Warburg Pincus to acquire program manager K2

Gavin Souter

December 01, 2022 Reprints

P/C Insurers Risk Management More + Less -

Private equity firm Warburg Pincus LLC has agreed to buy San Diego-based program manager K2 Insurance Services LLC from Lee Equity Partners LLC.

Terms of the deal were not disclosed.

K2, which manages 24 programs ranging from transportation insurance to personal lines coverage, was formed in 2011 and was bought by Lee Equity in 2019.

Warburg Pincus’ other insurance investments include Fortegra Group LLC and McGill and Partners Ltd.

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Warburg Pincus to acquire program manager K2

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