Hestia Re Ltd Series 2022-1

Artemis has learned from sources that the vast majority of principal from insurtech Kin’s $175 million Hestia Re Ltd. (Series 2022-1) catastrophe bond is expected to be returned to investors at the upcoming risk period end, while just $5 million will be retained with an extended maturity date to cover any potential loss development.

Direct-to-consumer insurtech company Kin Insurance is looking to upsize its new Hestia Re Ltd. (Series 2025-1) catastrophe bond transaction, with now as much as $300 million of Florida named storm reinsurance being targeted from the deal, we can report.

Direct-to-consumer insurtech company Kin Insurance is back in the catastrophe bond market to sponsor its third issuance, seeking $200 million or more in Florida named storm protection from this Hestia Re Ltd. (Series 2025-1) transaction.

Kin Insurance, the direct-to-consumer and fast-growing insurtech, is clearly delighted with the investor response to its successful placement of a $100 million Hestia Re Ltd. (Series 2023-1) catastrophe bond deal, with an expanded investor base one of the notable mentions.

Kin Insurance has now successfully secured its new Hestia Re Ltd. (Series 2023-1) catastrophe bond to provide $100 million of collateralized reinsurance protection and with spreads now finalised just over 11% below the initial mid-point of price guidance.

Kin Insurance has lowered the price guidance for its new Hestia Re Ltd. (Series 2023-1) catastrophe bond for the second time, with the direct-to-consumer insurtech now looking to settle the issuance with spreads roughly 10% below the initial mid-point of guidance.

Direct-to-consumer and fast-growing insurtech company Kin Insurance is aiming to reduce the pricing on its new catastrophe bond issuance, with the spread guidance dropping for its Hestia Re Ltd. (Series 2023-1) transaction.

Direct-to-consumer and fast-growing insurtech company Kin Insurance has returned to the catastrophe bond market to sponsor its second issuance, seeking $100 million or more in Florida named storm protection from a Hestia Re Ltd. (Series 2023-1) transaction.

Direct-to-consumer and fast-growing insurtech company Kin Insurance has revealed that it ceded around 97% of its gross losses from hurricanes Ian and Nicole in 2022 to its reinsurance capital partners.

Direct-to-consumer and fast-growing insurtech company Kin Insurance has detailed its current expectations for the impacts of hurricane Ian to its business, which suggests reinsurance recoveries are anticipated and that its Hestia Re Ltd. (Series 2022-1) catastrophe bond should be considered at-risk of triggering.