Kingstone Finalizes $440 Million Catastrophe Reinsurance Program
MT Newswires Live
Jun 23
Kingstone (KINS) said Monday it finalized its catastrophe reinsurance program for the July 2025 to June 2026 period, raising its coverage limit.
The company increased its reinsurance limit by 57% to $440 million, citing growth in premiums and exposure, according to Chief Executive Meryl Golden. This includes $125 million in multiyear protection from its first catastrophe bond, 1886 Re Ltd.
The total cost of the program rose by 10%, and now represents 12% of projected direct premiums earned, down from 13% in the prior year, Golden said.
Kingstone expects the lower-than-anticipated cost to "positively impact" its diluted earnings per share by $0.11 for the second half of 2025, Golden said.
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