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Kettle
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Kettle

Balancing risk in a changing climate.

About

Founded

2020

Headquarters

Pembroke, Bermuda

Industry

Climate, Insurance

Company Description

Kettle provides insurance and reinsurance for property owners in areas affected by catastrophic climate events.

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Funding

Total Raised

$29.7 million

Valuation

Undisclosed

Significant Investors

Acrew Capital, Homebrew, True Ventures, Anthemis, Valor Equity Partners, DCVC, Lowercarbon Capital

Company Traction

  • As of June 2023, Kettle analyzes 7 billion lines of data, 300 million satellite images, and 47 live data feeds to accurately price risk in climate-affected regions.
  • As of June 2023, Kettle reports 89% accuracy, 22% more accurate than industry standards predicted through its technology.
  • As of November 2021, Kettle runs 500 billion simulations to predict outcomes, significantly more than the industry standard of 10,000 to 100,000 simulations that insurance companies traditionally do.

Leadership Team

  • Andrew Engler: Co-Founder & CEO of Kettle. Co-Founder & Chairman of Airlast.
  • Son Lenguyen: Co-Founder & CTO of Kettle. Former Head Quant Engineer at Argo Group.
  • Yaling Liu: Head of Data Science at Kettle. Former Research Scientist and Lecturer at Columbia University.
  • Brian Espie: Chief Underwriting Officer at Kettle. Former Group Head of North American Reinsurance at Fidelis Insurance. 

Press

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