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February 7, 2024

K2 OCONUS Launches as the First Ever Defense Base Act (DBA) MGA with Backing by Leading Specialty Insurance Company, K2 Insurance Services

PHILADELPHIA--(BUSINESS WIRE)--K2 OCONUS, a division of K2 Insurance Services, announces today the launch of their Defense Base Act (DBA) insurance program, writing Workers’ Compensation coverage for U.S. government contractors abroad. With a high-risk tolerance, writing business with Nationwide and a robust team of industry experts, K2 OCONUS sets a new standard in safeguarding those who serve our nation overseas.

Founded by Chris Leo, who brings almost two decades of experience in running successful DBA programs and led with additional team members each holding over a decade of hands-on military or DBA experience, K2 OCONUS stands out with their seasoned team of industry experts. Specializing in all aspects of DBA insurance and equipped with deep knowledge in aviation, security operations, and risk assessment, K2 OCONUS is exceptionally positioned to cater to the distinct needs of each client offering comprehensive protection and unmatched service.

“I’m extremely proud of the team we’ve assembled and the unique experience each of us brings at K2 OCONUS, from both insurance and military backgrounds. We are simply unmatched in this regard, and that in itself is special,” said Leo, CEO and Founder. “Our entrance into the DBA Insurance Market signals a revolutionary approach to a market in need of a contemporary perspective on how our industry can better serve the mission of the customers. Equally, I am honored to be partnered with Nationwide, a leading specialty insurance company that shares our commitment to excellence and client-centric values.”

“New players continue to emerge and present opportunities for Nationwide to expand our Workers’ Compensation offerings. We are pleased to launch this new partnership with K2 OCONUS–the expertise and knowledge they bring towards DBA will help us tap a new market,” said Dale Hoppe, Nationwide’s Vice President who leads the company’s E&S/Specialty WC programs.

About K2 OCONUS:

K2 OCONUS is a uniquely specialized Defense Base Act (DBA) insurance services company, writing Workers’ Compensation coverage for U.S. government contractors abroad through Nationwide. Founded by a team with deep DBA insurance and military service experience, K2 OCONUS can better understand and address their clients’ needs, providing the highest level of service and care to their greatest asset–their employees, allowing them to return safely and in good health to their families and workforce.

K2 OCONUS is a K2 Insurance Services brand.

About K2 Insurance Services:

K2 Insurance Services is an insurance services holding company which owns and controls a diverse set of MGAs, marketing, underwriting and servicing over $1 billion annually in niche commercial and personal insurance premiums. Our mission is to protect what matters most to our partners and clients through personalized and specialty insurance products by distributing innovative programs and products through trusted direct, retail and wholesale channels. Formed and led by successful insurance industry veterans and backed by Warburg Pincus, K2 is leading the way with specialty insurance programs.

About Nationwide:

Nationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the United States. Nationwide is rated A+ by Standard & Poor’s. An industry leader in driving customer-focused innovation, Nationwide provides a full range of insurance and financial services products including auto, business, homeowners, farm and life insurance; public and private sector retirement plans, annuities and mutual funds; excess & surplus, specialty and surety; and pet, motorcycle and boat insurance.

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Program Inquiries:
Chris Leo, CEO

Media Inquiries:
Katherine Moura, Chief Brand & Communications Officer

Lyndsey Kleven

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