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October 6, 2023
Bryan P. Petrucelli
Chief Financial Officer
Kinsale Capital Group, Inc.
2035 Maywill Street, Suite 100
Richmond, Virginia 23230
Re:Kinsale Capital Group, Inc.
Form 10-K for Fiscal Year Ended December 31, 2022
Response dated October 2, 2023
File No. 001-37848
Dear Bryan P. Petrucelli:
            We have reviewed your October 2, 2023 response to our comment letter and have the
following comments.
            Please respond to this letter within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe a
comment applies to your facts and circumstances, please tell us why in your response.
            After reviewing your response to this letter, we may have additional comments. Unless
we note otherwise, any references to prior comments are to comments in our September 19,
2023 letter.
Response dated October 2, 2023
Management's Discussion and Analysis of Financial Condition and Results of Operations, page
38
1.Your response to prior comment 1 appears to focus on the underlying businesses of your
insureds without providing sufficient detail regarding the indirect consequences on your
operations and results. Please discuss more fully the climate-related increased risk of loss
and damage and/or increased number and amount of claims you have experienced to date
and expect to experience in the future. In this regard, we note disclosure on pages 44 and
89-90 of your Form 10-K that explains increasing losses as due to hurricanes, winter
storms, and wildfires, as well as claims tables on pages 91-93 that appear to show
increases. In addition, tell us how you considered disclosing such increases as an indirect
consequence of the climate-related business trends described in your response.

 FirstName LastNameBryan P. Petrucelli
 Comapany NameKinsale Capital Group, Inc.
 October 6, 2023 Page 2
 FirstName LastName
Bryan P. Petrucelli
Kinsale Capital Group, Inc.
October 6, 2023
Page 2
2.Your response indicates that you are "a digital financial services organization" that
conducts insurance operations through a digital technology platform, yet it does not
appear to discuss these digital operations in relation to our prior comments 1 and
2. Accordingly, please further address the following:

•Clarify whether your response that “our direct operations do not produce material
greenhouse gas emissions” takes into account the emissions related to your digital
technology platform, and provide support for your assessment of materiality.

•Discuss whether and how your digital technology platform relates to changes in
demand and competition for products or services that result in lower greenhouse gas
emissions, are related to carbon-based energy sources, or are operated using energy
from alternative energy sources. Tell us how you considered providing disclosure
regarding other reputational risks, for instance in relation to your digital operations or
potential climate-related disruption thereof.

•Discuss the physical effects of climate change in relation to your digital operations,
including the potential for indirect weather-related impacts that have affected or may
affect your digital trading platform, related suppliers (e.g., third-party data
centers, cloud service or electricity providers, and infrastructure), and customers.
Include support for your evaluation regarding the materiality of such impacts.
3.We note your response to prior comment 2 that “the cost has generally increased for
catastrophe-exposed reinsurance.” Please provide quantitative information regarding the
cost of reinsurance for each of the periods covered by your Form 10-K and explain
whether increased amounts are expected in future periods.
            Please contact Madeleine Joy Mateo at 202-551-3465 or Jennifer Angelini at 202-551-
3047 with any questions.
Sincerely,
Division of Corporation Finance
Office of Finance