Kin Insurance has revealed that the reciprocal exchanges it manages, Kin Interinsurance Network and Kin Interinsurance Nexus Exchange, have completed their reinsurance programs for the period of June 1, 2025, through May 31, 2026.

For Florida, Kin has secured $1.4 billion in reinsurance protection against natural catastrophes, reinforcing its commitment to financial resilience in one of the nation’s most disaster-prone states.

In its fast-growing non-Florida markets (excluding California), Kin has arranged more than $250 million in reinsurance coverage to support continued expansion and stability.

“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,” the firm added.

Kin noted that the programs, reportedly secured at favourable economic terms, underscore its 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 explained.

The reinsurance programs are said to be 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% collateralised, and supported by 29 catastrophe bond investors.

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.”

In its Q1 2025 results, Kin reported $47 million in total revenue, up from $34.9 million in Q1 2024, with California emerging as a substantial growth driver during the quarter.

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