Tagged: kin

Insurtech Kin Announces Completion of Reinsurance Program for Expanding Market Presence

Kin Insurance, Inc. 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… Read More

Insurtech Kin, the Home Insurance Firm, Shares Latest Operating Results

Kin, the digital, direct-to-consumer home insurance company, today announced operating results through the fourth quarter ended December 31, 2023. Kin is reporting that it has “finished 2023 with $344.1 million in gross written premium and $104.5 million in total revenue.” Kin’s operating income landed at… Read More

Insurtech Kin, the Digital Home Insurance Provider, Acquires Financing from Activate Capital

Kin, the digital, direct-to-consumer home insurance company, announced the closing of $15 million in financing from new investor Activate Capital, a growth-stage VC firm focused on the sustainable, resilient transformation of the global economy. Raising at an increased valuation, greater than $1 billion, is an… Read More

Insurtech Kin, the Home Insurance Firm, Releases Operating Results through Q3 2023

Kin, the direct-to-consumer home insurance company built for every new normal, announced operating results through the third quarter “ended September 30, 2023.” Kin finished the third quarter of 2023 “with $77.8 million in gross written premium and $24.2 million in total revenue.” Kin’s operating income… Read More

Insurtech Kin Secures $33M in Additional Financing via Series D Led By QED Investors

Kin, the direct-to-consumer home insurance company built for every new normal, today announced the closing of a $33 million Series D extension. The funding was led by QED Investors “with participation from returning investors Geodesic Capital, Allegis Capital, Hudson Structured Capital Management Ltd. (doing its… Read More

Insurtech Kin Increases Gross Written Premium by 55% YoY, Reports Growth in Operating Income

Kin, the direct-to-consumer home insurance company built for every new normal, recently announced select operating results through the second quarter ended June 30, 2023. Kin finished the second quarter of 2023 “with $109.7 million in gross written premium, bringing the year-to-date total to $192.9 million.”… Read More

Insurtech Kin Brings Home and Property Insurance to Arizona

Kin, the direct-to-consumer home insurance company built for every new normal, today announced its expansion into Arizona. The Grand Canyon State marks Kin’s first move “into the U.S. Southwest, and it builds upon Kin’s growth and success in coastal, catastrophe-prone states like Florida, Louisiana, South… Read More

Insurtech Kin Delivers Home, Property Insurance to Alabama Homeowners

Kin, the direct-to-consumer home insurance company built for every new normal®, earlier this month announced its expansion into Alabama. Building upon Kin’s success in Florida and other coastal states, where it insures nearly $45 billion in assets, Kin is continuing its mission “to deliver affordable… Read More

Insurtech Kin Looks to Address Florida Hurricane Insurance Market

Kin Insurance has completed its Florida reinsurance program for the following year. Kin is a direct-to-consumer digital insurer focused on the homeowner’s insurance market. Florida is struggling to regain its homeowner’s insurance footing following Hurricane Ian, which caused billions of dollars in losses. Reinsurance is… Read More

Insurtech Kin, the Home Insurance Firm, Grows 54% YoY, Eclipses $83M in Gross Written Premium

Kin, the direct-to-consumer home insurance company built for every new normal, today announced select operating results through the first quarter ended March 31, 2023. Kin finished the first quarter of 2023 “with $83.2 million in gross written premium, which was positively impacted by $33.5 million… Read More

Insurtech: Kin Brings Home, Property Insurance to Mississippi

Kin, the direct-to-consumer home insurance company built for every new normal, has announced its expansion into Mississippi. Kin is now able to “provide Magnolia State residents with an easy, affordable, and personalized insurance experience.” Mississippi is “located in the heart of Dixie Alley, an area… Read More

Insurtech: Kin Insurance Secures $100M in Capacity with Second Multi-Year Catastrophe Bond Issuance

Kin Insurance announced that the Kin Interinsurance Network, its reciprocal insurance carrier, successfully closed a $100 million private placement catastrophe bond transaction, bringing Hestia Re Ltd.’s total outstanding limit to $275 million. The new multi-year reinsurance arrangement with Hestia Re “provides the Kin Interinsurance Network… Read More

Insurtech: Kin, the Home Insurance Firm, Upsizes Series D to $109M

Kin, the direct-to-consumer home insurance company built for every new normal, announced that it recently “conducted a third close, an incremental $15 million, to its Series D round in Q4 2022.” The investment round contributions reportedly came “from Geodesic Capital, QED Investors, and additional investors,… Read More

Home Insurance Firm Kin Announces Select Preliminary Operating Results

Kin, the direct-to-consumer home insurance company built for every new normal®, announced select preliminary operating results “through the fourth quarter ended December 31, 2022.” Kin finished 2022 “with $227.5 million in gross written premium, which represents a 117% increase in year-over-year growth.” Adjusted loss ratio… Read More

Kin Introduces Home, Property Insurance in South Carolina

Kin, the direct-to-consumer home insurance company built for “every new normal,” announced its expansion into South Carolina. Kin is entering the Palmetto State “to offer a seamless way for homeowners and landlords to protect their most valuable assets, despite being exposed to several risks.” South… Read More

Kin, a Direct to Consumer Home Insurance Provider, Raises $145 Million in Debt Capital

Kin, an Insurtech that provides direct-to-consumer home insurance, has raised $145 million in debt capital, according to a statement from the firm. The funding was led by Runway Growth Capital and the Avenue Venture Opportunities Fund. Kin says the money will help it support the… Read More

Expansion: U.S. Insurtech Kin Announces Landlord Insurance Launch in Louisiana

U.S. insurtech startup Kin Insurance announced earlier this week its agency, the Kin Insurance Network Distributor, is launching landlord insurance in Louisiana. As previously reported, Kin describes itself as an insurtech startup and licensed insurance carrier that is on a mission to fix home insurance through… Read More

Kik Confirms It’s Closing Messaging App for Teens; CEO Spoofed in Cryptomedia

Things took a strange turn last night after news broke that Kik, creator of a messaging app for teens also called Kik, has been executing layoffs in Israel and plans to shutdown the app. First, following news of the layoffs, Kik CEO Ted Livingston confirmed… Read More

Report: Embattled ICO-Issuer Kik Closing Down Messaging App

Two individuals who requested anonymity are claiming that Kik has begun disbanding the Isreali subsidiary responsible for running its messaging app, CalcalistTech reports. According to the outlet: “The company is moving all the app’s users to alternative platforms…The 70 employees of Kik’s Israeli cryptocurrency subsidiary… Read More

Insurtech Startup Kin Insurance Secures $47 Million Through Latest Investment Round

U.S. insurtech startup Kin Insurance announced on Wednesday it secured $47 million through its latest investment round. According to Kin, the funds will be used to launch its Kin Interinsurance Network, a Florida home insurance carrier. Founded in 2016, Kin describes itself as insurtech startup… Read More

Send this to a friend