K2 Insurance Services Acquires Montana’s Loss Run Pro

K2 Insurance Services, based in San Diego, Calif., has invested in Loss Run Pro LLC, headquartered in Missoula, Montana.

LRP, founded in early 2020 by Reghan Brandt, was a participant in BrokerTech Ventures’ (BTV) 2020 Accelerator. LRP is a subscription software service that simplifies the loss run process by automatically generating and delivering loss run requests. LRP also provides tracking and other useful tools to improve this process. LRP’s technology allows loss runs to be generated, signed, and delivered electronically, via a computer or mobile device.

Brenden Corr is the senior director of Business Development for LRP and will work closely with Brandt to expand and build relationships with carriers and brokers, both nationally and internationally.

K2 Insurance Services LLC was formed in 2011 and led by CEO Robert Kimmel, in partnership with investment firm Lee Equity. K2 is an insurance services holding company that owns and controls a diverse set of specialty program administrators. Through its MGAs, K2 markets, underwrites and services more than $1 billion annually in niche commercial and personal insurance premiums.

Source: K2 Insurance Services