Kin’s reciprocal projects $2.5mn Ian loss, captive reinsurer Kincession expects $2.5mn
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Kin’s reciprocal projects $2.5mn Ian loss, captive reinsurer Kincession expects $2.5mn

Jairo Ibarra
October 21, 2022
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InsurTech Kin has disclosed a projected net exposure to Hurricane Ian of $2.5mn for its reciprocal exchange, Kin Interinsurance Network. Kin Insurance, through its captive reinsurer, also has a projected net exposure of $2.5mn.

Kin underwrites homeowners’ cover in Florida, Louisiana and California.

The InsurTech reported that it has received approximately 6,800 claims associated with Hurricane Ian to date, adding that it will incur an overall gross ultimate loss that is “well below” its...

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Topics

NewsMajor lossesHomeowners' insuranceInsurTech
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Jairo Ibarra
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