Kin cedes 97% of $175mn Ian and Nicole losses to reinsurers as Hestia devaluation rises
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Kin cedes 97% of $175mn Ian and Nicole losses to reinsurers as Hestia devaluation rises

Liz Bury
20 February 2023
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
kin.jpg

Kin has ceded 97% of its $175mn expected gross loss and loss adjustment expenses from hurricanes Ian and Nicole to reinsurers, the carrier has said.

The carrier’s first cat bond, the private placement Hestia Re was finalised last April at a size of $175mn and attaching at $125mn, providing partial coverage up to $325mn.

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Login now

Topics

NewsCatastrophe bonds
Headshot template (new) (1).png
Liz Bury
Editor
Contact
Gift this article