Kin completes reinsurance program for its expanding market footprint, balancing its robust growth plans with resilient risk management

An aerial image of Florida homes

CHICAGO, IL – June 10, 2024 – Kin Insurance, Inc. (Kin) today announced that the Kin Interinsurance Network and Kin Interinsurance Nexus Exchange, the reciprocal exchanges it manages, have completed their reinsurance programs for the period of June 1, 2024 through May 31, 2025, at favorable economic terms.

Kin’s reinsurance program maintains Kin’s history of prudent risk management by providing coverage for catastrophic events at coverage levels in excess of what is required by its regulators and rating agency.

Kin's Florida reinsurance program offers $1 billion in reinsurance coverage for natural catastrophes, representing protection up to a one-in-160 year first-event loss. Kin’s rapidly growing non-Florida reinsurance program offers $140 million in coverage, which, as with the Florida program, provides protection well in excess of the required rating agency requirements. Kin’s renewed reinsurance program is backed by a consistent panel of  over 35 industry-leading reinsurers each year, all of which either have a financial rating of A- or higher by AM Best or are 100% collateralized.

“We’re pleased to have again completed our reinsurance program in a timely and responsible manner,” said Angel Conlin, chief insurance officer at Kin. “The continued support from our reinsurance partners validates our data enabled and technology-driven underwriting and responsive claims handling.”

Kin’s reinsurance program offers disaster protection and further enhances its ability to deliver dependable insurance protection for homeowners who are most exposed to the mounting impact of climate change. Kin's mission is to re-engineer insurance to be more cost-effective and streamlined, and thereby improve the customer experience, especially for the geographies that need it most.  It recently announced its Q1’24 results featuring 49% premium year-over-year growth and accelerating market diversification outside of Florida.

About Kin

Kin is the only pure-play, direct-to-consumer digital insurer focused on the growing homeowners insurance market. Kin makes homeowners insurance more convenient and affordable by eliminating the need for external agents. Kin’s technology platform delivers a seamless user experience, customized options for coverage, and fast, high-quality claims service. Behind the scenes, Kin utilizes thousands of data points about each property to provide accurate pricing and produce better underwriting results. Kin provides insurance coverage through its member (policyholder) owned reciprocal insurance exchanges. To learn more, visit

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