KINGSTON, N.Y.--(BUSINESS WIRE)--Kingstone Companies, Inc. (Nasdaq:KINS) (the “Company” or “Kingstone”), a multi-line regional property and casualty insurance holding company, today announced the appointment of Benjamin Walden to the Board of Directors of its wholly-owned subsidiary, Kingstone Insurance Company (“KICO”). Additionally, Mr. Walden has been promoted to Senior Vice President at KICO with direct responsibility over Underwriting, Information Technology as well as Actuarial Services.
Kingstone’s Chairman and CEO, Barry Goldstein, stated, “We are very excited to announce the appointment of Ben Walden to the Board of Kingstone Insurance Company, as we believe his expertise and leadership will provide considerable benefits as we execute our growth strategy. Since Ben joined KICO in 2013, his past experience and actuarial knowledge has already led to improvements in our underwriting and reserving practices. We are very fortunate to work with Ben, and believe that his past history and expertise will continue to add value to the Company.”
Mr. Walden’s actuarial background consists of more than 25 years of experience holding leadership positions in a variety of corporate environments, including two other New York-based carriers. Previous to his position of Chief Actuary at KICO, Mr. Walden was Chief Actuary at Interboro Insurance Company, a regional property and casualty insurer. Prior to that, Mr. Walden held the position of Vice President and Chief Actuary at AutoOne Insurance from its inception in 2001 to 2009. At AutoOne, he managed the actuarial department, responsible for pricing, reserving, strategic planning, financial modeling and statutory reporting.
Mr. Walden is a graduate of Villanova University, holds the designation of Fellow of the Casualty Actuarial Society (FCAS) and is a Member of American Academy of Actuaries (MAAA).
About Kingstone Companies, Inc
Kingstone is a property and casualty insurance holding company whose principal operating subsidiary, Kingstone Insurance Company, is domiciled in the State of New York. Kingstone is a multi-line regional property and casualty insurance company writing business exclusively through independent retail and wholesale agents and brokers. Kingstone is licensed to write insurance policies in New York and Pennsylvania. Kingstone offers property and casualty insurance products to individuals and small businesses primarily in New York State.
Statements in this press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, may be forward-looking statements. These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. These statements involve risks and uncertainties that could cause actual results to differ materially from those included in forward-looking statements due to a variety of factors. More information about these factors can be found in Kingstone’s filings with the Securities and Exchange Commission, including its latest Annual Report filed with the Securities and Exchange Commission on Form 10-K. Kingstone undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.