Kingstone Companies, the New York and northeast US focused insurer, has raised ambitions for its debut catastrophe bond sponsorship, with now up to $125 million of named storm reinsurance protection being sought from its debut issuance, Artemis can report.Kingstone Companies entered the cat bond market for the first time in April, with what will be the first Rule 144A catastrophe bond issuance to benefit the cedent sponsor Kingstone Insurance Company, which is the main underwriting entity of the holding company.As we reported at the time, the initial target was to secure $100 million or more in named storm reinsurance protection across the main states Kingstone operates in when the deal was launched to investors.Now, we’re told that the size target has been increased, with between that initial $100 million and as much as $125 million of reinsurance now being sought.

At the same time, we’re told that the price guidance has been revised to a single target figure sitting in the lower-half of the original range.Once settled, this debut 1886 Re cat bond for Kingstone Insurance Company will provide named storm protection across New York, New Jersey, Connecticut, Massachusetts and Rhode Island on an indemnity trigger and per-occurrence basis, over four annual risk periods from July 1st 2025 to the end of June 2029.The now up to $125 million of Series 2025-1 Class A notes that 1886 Re Ltd.

is offering have an initial expected loss of 1.477%, and were initially offered to investors with price guidance in a range from 4.25% to 5%.We’re now told the price guidance has been revised to the single figure of 4.5%, so sitting within the lower-half of the initial range of spreads that were offered.A year ago, .

With this new cat bond now looking set to upsize, it seems likely Kingstone will grow its catastrophe protection tower this year, with the capital markets set to provide a valuable diversifying source of reinsurance for the 2025 hurricane season through this cat bond.As a reminder, you can read all about this new catastrophe bond and every other cat bond deal in the Artemis Deal Directory..All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance can be accessed online.

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