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

Liz Bury
20 February 2023
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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.

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News Catastrophe bonds Hurricane
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