Lee Equity Partners-backed K2 Insurance Services to acquire Pioneer Underwriters.

Lee Equity Partners-backed K2 Insurance Services, a specialty insurance services holding company, agreed to acquire Pioneer Underwriters, the underwriting services organisation. Financial terms were not disclosed. "Pioneer’s underwriting leadership have the skills, customer commitment and capital relationships that are an excellent fit for K2. We look forward to working closely with them as we build an international distribution platform to complement our successful existing US business," Bob Kimmel, K2 CEO.