Hestia Re Ltd

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.

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.