AI-enabled wildfire insurer Kettle appoints Isaac Espinoza as CEO

Kettle, an AI-enabled insurance and reinsurance provider for commercial property owners in areas affected by catastrophic climate events, has appointed Isaac Espinoza as CEO.

Espinoza holds nearly two decades of experience in the industry, having most recently served as SVP at  Root, where he managed reinsurance efforts, strategy, corporate actuarial and venture functions.

Before this, Espinoza was an investor and operator at Greenlight Re, reportedly supporting numerous insurtech startups and working on the actuarial, underwriting and innovation teams.

Commenting on his appointment, Espinoza said, “I’m excited to continue my career as an operator and leader, working on some of the most important existential questions for the insurance industry and for our planet.

“Kettle has a head-start on modelling emerging risks and providing insurance options in a market where protection is harder and harder to come by.”

Son Le, Kettle’s founding CTO,  added, “We’re at an inflection point where our unique models can offer protection to customers currently underserved by incumbent providers. Isaac’s arrival is exciting for Kettle and our future in the industry.

Backed by Acrew Capital, True Ventures, Valor Venture Partners, Lower Carbon Capital, Anthemis and other investors, Kettle has grown its premium base by more than 3x in the past year.

Lauren Kolodny, partner at Acrew Capital, which led Kettle’s $25 million Series A round in 2021, said, “Isaac’s arrival is an exciting evolution for Kettle as it expands into new lines and new states. This year has been an important growth year. We’re thrilled to welcome Isaac’s leadership.”

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