Kin Insurance places $100mn of Hestia Re Florida coverage
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Kin Insurance places $100mn of Hestia Re Florida coverage

Liz Bury
20 March 2023
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Pricing on Kin Insurance’s Hestia Re catastrophe bond Class A notes has settled at 9.75%, or 11% below the midpoint of original guidance, this publication understands.

The final pricing gives a multiplier of 8.3x on the sensitivity case expected loss of 1.18%.

The 144A bond will provide $100mn of indemnity, per-occurrence reinsurance coverage for named storm in Florida, covering Kin’s personal lines property book.

It

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