Kingstone Announces the Hiring of David Delaney as Senior Vice President

KINGSTON, N.Y.--()--Kingstone Companies, Inc. (Nasdaq:KINS) (the “Company” or “Kingstone”) announced today that David Delaney has joined the senior management team at Kingstone Insurance Company (”KICO”) as its Senior Vice President of Business Development.

David brings over 16 years of experience in the insurance industry. David spent the last 7 years at AIG leading a global team where he built the Consumer Lines catastrophe risk management practice to support over 40 countries. He led the development of automated underwriting decision systems for the personal lines admitted and non-admitted divisions to strategically manage growth of the portfolios. David has also driven key enhancements to the products offered by catastrophe modeling companies used by the industry today. In 2014, David was recognized as a Reactions Magazine “Insurance Industry Top 50 Rising Star”. Prior to AIG, David spent time in the reinsurance broker community leading analytics teams as well as working for Risk Management Solutions (RMS) and General Electric.

“We are delighted that David has accepted our offer to join the Company’s Executive Team,” said Barry Goldstein, KICO Chairman and Chief Executive Officer. “His diverse background and in depth knowledge of personal property, risk management, reinsurance and analytics makes David an optimal choice to lead our strategic growth into new states”.

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 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, New Jersey, Pennsylvania, Connecticut, and Texas. Kingstone offers property and casualty insurance products to individuals and small businesses primarily in New York State.

Forward-Looking Statement

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.

Contacts

INVESTOR RELATIONS:
Kingstone Companies, Inc.
Amanda M. Goldstein
Investor Relations Director
516-960-1319

Contacts

INVESTOR RELATIONS:
Kingstone Companies, Inc.
Amanda M. Goldstein
Investor Relations Director
516-960-1319