Kin Insurance, a US InsurTech focused on homeowners coverage in catastrophe-exposed regions, has secured $335m in its largest catastrophe bond transaction to date.
The raise strengthens its ability to absorb extreme weather losses as it scales its direct-to-consumer property insurance model, according to Beinsure.
The capital was raised through Hestia Re Series 2026-1, structured across four bonds, and provides multi-year protection that activates when insured losses from major storms exceed predefined thresholds.
Catastrophe bonds transfer peak insurance risk to institutional investors, supplementing traditional reinsurance and giving insurers additional capacity during severe events such as hurricanes and wildfires.
Kin described the latest issuance as its fourth catastrophe bond and its most successful yet, citing increased size, stronger investor demand, and improved pricing compared to prior deals.
“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,” said Angel Conlin, Kin CIO.
For the first time, the protection extends beyond Florida, broadening into additional U.S. states as part of Kin’s national expansion strategy.
The insurer also reported particularly strong demand for the lower layers of protection, which are typically the most exposed and closely scrutinised by investors after major catastrophes.
Kin said the transaction attracted its largest-ever institutional investor base, reinforcing confidence in its underwriting approach, distribution model, and long-term growth plans. Pricing was also described as the most favourable achieved across its catastrophe bond programme to date.
Reinsurance remains a core part of Kin’s capital strategy, with the company combining traditional reinsurance and capital markets structures to manage exposure across hurricane- and wildfire-prone regions.
Howden Capital Markets & Advisory and Howden Re acted as arrangers on the transaction.
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