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InsurTech Capital Surge: Kin's $335M Cat Bond, Corgi Unicorn & KKR Backs Reserv
Audio is available on Spreaker — see link below.
InsurTech hit a inflection point this week as Kin Insurance closed a $335M catastrophe bond, Corgi reached unicorn status, and KKR backed Reserv's 60x claims growth bet. Plus: XBOW's customer-led Series C and European WealthTech deal trends.
Audio is available on Spreaker — see link below.
Kin Insurance just closed a three hundred thirty-five million dollar catastrophe bond, the largest transaction of its kind for a US InsurTech, and it tells you something important about where insurance capital is flowing right now. This isn't venture money.
The bigger structural story is what's happening alongside that deal. Corgi closed a one hundred sixty million dollar Series B this week, reaching a one point three billion dollar valuation.
Then there's Reserv. They closed a one hundred twenty-five million dollar Series C led by KKR.
Away from InsurTech, there's a deal structure worth noting. Cybersecurity platform XBOW closed a thirty-five million dollar Series C extension, and the investors include NVentures and SentinelOne Ventures.
In Europe, the picture is mixed but directionally interesting. European WealthTech completed forty-seven deals in the first quarter of twenty twenty-six, up from thirty-seven in the same period last year.
The through-line across all of this is AI-native infrastructure replacing legacy systems, whether that's claims processing, underwriting, or enterprise workflows. The capital is moving.
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