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Kin secures $100 million in capacity with second multi-year catastrophe bond issuance
This latest catastrophe bond reinforces Kin’s financial resilience and bolsters its risk management capabilities, positioning the company as a leader in the insurance industryCHICAGO--(BUSINESS WIRE)--#homeownersinsurance--Kin Insurance today announced that the Kin Interinsurance Network, its reciprocal insurance carrier, successfully closed a $100 million private placement catastrophe bond transaction, bringing Hestia Re Ltd.’s (“Hestia Re”) total outstanding limit to $275 million. The new multi-year…