Hestia Re Ltd

Kin Insurance, the direct to consumer insurtech, has now successfully priced its new Hestia Re Ltd. (Series 2026-1) catastrophe bond issuance, which has secured the company its largest amount of cat bond limit yet at $335 million of fully-collateralized named storm reinsurance, Artemis can report.

Kin Insurance, the direct to consumer insurtech, appears to have fixed on the target size for its new Hestia Re Ltd. (Series 2026-1) catastrophe bond issuance, we are told, with now $335 million of fully-collateralized named storm reinsurance protection sought from the deal, while pricing has lowered again for some of the notes on offer.

Kin Insurance, the direct to consumer insurtech, is now aiming to upsize its new catastrophe bond, with the revised target now being to secure between $325 million and as much as $335 million of fully-collateralized named storm reinsurance protection from the Hestia Re Ltd. (Series 2026-1) issuance, Artemis can report.

Kin Insurance, the direct to consumer insurtech, is back in the catastrophe bond market and for the first time seeking hurricane reinsurance across more states than just Florida, with an initial $300 million target for this new Hestia Re Ltd. (Series 2026-1) issuance, Artemis understands.

Kin Insurance has increased the size of its Florida reinsurance tower by 40% at the mid-year renewals, securing $1.4 billion of limits for that state, while its reinsurance coverage for other states (ex-CA) it operates in grew even more to surpass $250 million in limits.

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 has hailed the substantial improvement in pricing for its latest catastrophe bond issuance, the $300 million Hestia Re Ltd. (Series 2025-1) transaction, the company’s largest cat bond yet.

Artemis has learned that direct-to-consumer insurtech company, Kin Insurance, has now successfully priced its latest catastrophe bond transaction, securing the 50% upsized target of $300 million of Florida named storm reinsurance protection from the Hestia Re Ltd. (Series 2025-1) issuance, which marks the company’s largest cat bond yet.

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.