Kin fortifies risk management with successful reinsurance program completion amidst market expansion
CHICAGO – June 16, 2025 – Kin Insurance, Inc. (Kin) today announced that Kin Interinsurance Network and Kin Interinsurance Nexus Exchange, the reciprocal exchanges it manages, completed their reinsurance programs for the period of June 1, 2025, through May 31, 2026. The programs, secured at favorable economic terms, underscore Kin's unwavering commitment to robust risk management and financial stability as it continues its rapid market expansion.
Consistent with its longstanding conservative approach, Kin partnered with respected and stable reinsurers to secure strong reinsurance programs designed to protect its carriers and members from catastrophic risk, with all coverage levels significantly exceeding regulatory requirements.
Kin's Florida reinsurance program offers $1.4 billion in reinsurance coverage for natural catastrophes, representing protection considerably greater than rating agency requirements.
For its rapidly expanding non-Florida markets (excluding California), Kin's program provides more than a quarter of a billion dollars in coverage, well in excess of rating agency requirements.
For California, Kin's reinsurance program provides targeted protection against severe seismic events and wildfires, ensuring robust financial backing for policyholders in this high-risk region.
Kin Chief Insurance Officer, Angel Conlin, commented, “We are incredibly pleased to have successfully completed our annual reinsurance placement with such strong support from our long-standing partners. 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. It further validates our unique approach to managing catastrophe exposure and reinforces our financial strength.”
The reinsurance programs are consistently supported by a strong panel of 44 industry-leading reinsurers, each holding a financial rating of A- or higher by AM Best or are 100% collateralized, and supported by 29 catastrophe bond investors, reflecting deep confidence in Kin’s underwriting capabilities.
Kin's robust reinsurance framework not only provides critical disaster protection but also profoundly strengthens its capacity to deliver steadfast, reliable insurance to homeowners most vulnerable to the escalating impact of climate change.
This commitment is central to Kin's mission: redesigning insurance to be smarter, faster, and centered on the customer. Kim uses intelligent pricing, offers seamless bundling, and makes every step simple and friction-free, especially in the places traditional insurers often ignore. This strategy is consistently validated, as evidenced by Kin's impressive Q1 2025 results, which included 35% year-over-year revenue growth and substantial gains in profitability.
About Kin
Kin is the only direct-to-consumer digital insurance provider focused on the growing homeowners insurance market. Kin offers more convenient and affordable coverage 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 analyzes thousands of data points about each property to provide accurate pricing. To learn more, visit www.kin.com.
Contact:
BAM for Kin