Following a 35% increase in year-over-year revenue and improved profitability in Q1 2025, Kin Insurance Inc. has completed its catastrophe reinsurance programs for the period of June 1, 2025, to May 31, 2026.
The programs provide more than US$1.6 billion in total coverage for the carriers managed by Kin – Kin Interinsurance Network and Kin Interinsurance Nexus Exchange.
The Florida reinsurance program accounts for US$1.4 billion in protection against natural catastrophes. The coverage exceeds levels required by rating agencies and applies to events such as hurricanes and other high-impact weather.
For Kin’s operations outside Florida, excluding California, the reinsurance arrangement provides more than US$250 million in coverage. California is covered through a separate structure tailored to address seismic events and wildfires.
The completed placement involved 44 reinsurers, all rated A- or better by AM Best or fully collateralized, as well as 29 catastrophe bond investors. Kin stated that the structure aligns with its risk management approach, which includes long-term partnerships with reinsurers and the use of reciprocal exchanges to manage homeowner policies.
Kin chief insurance officer Angel Conlin said the company received consistent support from its reinsurance partners during this year’s placement cycle.
“This consistent backing is a testament to the effectiveness of our data-driven underwriting, and our proven ability to handle claims responsively, especially in the face of evolving climate risks,” said Conlin. “It further validates our unique approach to managing catastrophe exposure and reinforces our financial strength."
The reinsurance programs are designed to provide financial protection for Kin’s policyholders in catastrophe-prone regions. According to the company, these arrangements exceed regulatory requirements across all active markets.
Kin operates as a direct-to-consumer digital insurer in the US homeowners insurance sector. It does not use outside agents and applies proprietary technology to evaluate property-specific data for pricing and coverage decisions. The company says this approach supports efficient service and customization for policyholders.
The reinsurance coverage is part of Kin’s annual program cycle and allows it to continue offering insurance in areas with heightened risk exposure, including Florida and California. The firm reported continued expansion into non-Florida states as part of its growth trajectory.
With this year’s reinsurance program in place, Kin moves into the next fiscal period with catastrophe risk financing across multiple regions.
Does Kin’s approach to managing catastrophe exposure through digital underwriting and traditional reinsurance partnerships represent a scalable model for modern insurers? Share your thoughts in the comments.
