Kingstone Companies, Inc. (Nasdaq: KINS) (the “Company” or “Kingstone”), a property and casualty insurance holding company, announced today the Kingstone Board of Directors accepted the request to retire by Dale Thatcher, for personal reasons. Mr. Barry Goldstein, KINS Executive Chairman and its largest shareholder, agreed to immediately return to the CEO role at the request of the Board. Mr. Goldstein served as the Company’s CEO from 2001 through 2018.
“I’m delighted to reassume the post of CEO of a company I worked so hard to build and that is so dear to my heart. I have one immediate goal. That is, while our growth rate continued in Q2, we must now be laser focused on taking those actions needed to enhance our underwriting profitability and post results more consistent with our long history of excellent returns.
About Kingstone Companies, Inc.
Kingstone is a northeast regional property and casualty insurance holding company whose principal operating subsidiary is Kingstone Insurance Company (“KICO”). KICO is a New York domiciled carrier writing business through retail and wholesale agents and brokers. KICO offers primarily personal lines insurance products in New York, New Jersey, Rhode Island, Massachusetts, Connecticut and Pennsylvania, Kingstone is also licensed (but not yet active) in New Hampshire and Maine.
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