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.

Quick Links

WebsiteJobs

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.