Kin closes $175mn cat bond placement

18 April 2022

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InsurTech Kin announced it closed the private placement of a $175mn catastrophe bond via its reciprocal carrier, Kin Interinsurance Network.

Earlier this month, Trading Risk reported that the Chicago-based InsurTech was set to close its first-ever cat bond Hestia Re, with the final size well above the firm’s initial $100mn target.

Hestia

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Kin closes $175mn cat bond placement

InsurTech Kin announced it closed the private placement of a $175mn catastrophe bond via its reciprocal carrier, Kin Interinsurance Network.

Fuel a smarter strategy with our actionable market intelligence

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Kin closes $175mn cat bond placement

InsurTech Kin announced it closed the private placement of a $175mn catastrophe bond via its reciprocal carrier, Kin Interinsurance Network.

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Fuel a smarter strategy with our actionable market intelligence

Topics

GIE Gareat’s terrorism bond prices near top end of guidance at 5.25%

American Coastal targets $100mn of Florida named storm coverage

Twia to target 43% more limit at $5.8bn on exposure growth and Beryl losses

Allstate pegs October cat losses at $226mn post-tax

Plenum’s Dynamic Cat Bond Fund reaches $200mn in AuM