Kin Insurance’s sponsorship of its fourth and largest catastrophe bond, the $335 million Hestia Re Ltd. (Series 2026-1) issuance, reinforces the company’s commitment to protecting policyholders for years to come, Chief Insurance Officer Angel Conlin has said today.
Kin managed to successfully upsize its latest Hestia Re Series 2026-1 catastrophe bond issuance from its initial $300 million size, to secure $335 million of fully-collateralized named storm reinsurance, while the pricing of the four tranches of notes were finalised below guidance in most cases.
While Kin’s previous cat bonds have focused primarily on Florida, this Hestia Re 2026-1 issuance broadened protection to include other states where Kin operates, signaling its growing multi-state footprint.
In addition, a larger group of institutional investors participated in this Hestia Re 2026-1 issuance, compared to any prior cat bond from Kin, which is a sign of growing confidence in Kin’s business model.
“Investors backed this deal at record size and better pricing, demonstrating their continued confidence in Kin’s growing portfolio, distribution at scale, and approach to risk selection,” Kin explained.
Howden Capital Markets & Advisory (HCMA), the capital markets and insurance-linked securities (ILS) specialist unit of broking group Howden facilitated the transaction, alongside reinsurance broker Howden Re.
Kin Chief Insurance Officer Angel Conlin, commented: “This catastrophe bond reinforces our commitment to protecting policyholders for years to come. The terms reflect both the quality of our risk selection and the trust the market places in our platform.”
Kin Founder and CEO Sean Harper, said: “This is our fourth catastrophe bond, and with each one, the terms improve while investor demand grows. This year’s deal is our largest yet, covering more of the country than ever before, and achieving our best pricing to date. Our CAT bonds have historically outperformed other similar CAT bonds, which drives investor demand.”
As a reminder, you can read all about the Hestia Re Ltd. (Series 2026-1) catastrophe bond from Kin and every other cat bond deal issued in our extensive Artemis Deal Directory.
