ACCESS Newswire
12 Jan 2022, 19:35 GMT+10
Kingstone Enters into New Reinsurance Treaties
KINGSTON, NY / ACCESSWIRE / January 12, 2022 / Kingstone Companies, Inc. (NASDAQ:KINS) (the 'Company' or 'Kingstone'), a Northeast regional property and casualty insurance holding company, announced today that it will hold its 2021 Fourth Quarter and Full Year 2021 financial results conference call for analysts and investors on Friday, March 11, 2022 at 8:30 a.m. Eastern Time. The earnings announcement is scheduled for release shortly after the stock markets close on Thursday, March 10th.
The Company also announced that Kingstone Insurance Company ('KICO'), its wholly owned subsidiary, finalized a new 30% personal lines quota share treaty for the period December 31, 2021 through December 31, 2022. Further, an additional layer was added to the existing Single Risk Excess of Loss treaty. 'The new treaties, when taken together, result in reductions to our catastrophe and single-risk retentions through June 30, 2022 to $7.4 million and $0.5 million from $10.0 million and $1.0 million, respectively. The quota share benefits us further by increasing our statutory surplus leading to a reduction in premium leverage going into 2022 and allowing for continued written premium growth,' said Meryl Golden, President of KICO.
The details of the conference call and webcast are as follows:
Date: Friday, March 11, 2022
Time: 8:30 a.m. Eastern Time
Access by conference call:
Domestic callers: 877-407-3105
International callers: 201-493-6794
Access by webcast:
The call will be simultaneously webcast over the internet and can be accessed via the following link fifteen minutes prior to the call:
Kingstone Fourth Quarter and Full Year 2021 Financial Results and Conference Call Webcast
The webcast will be archived and accessible for approximately 30 days.
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, and Connecticut. Kingstone is also licensed in Pennsylvania, New Hampshire, and Maine.
INVESTOR RELATIONS CONTACT:
Amanda M. Goldstein
Investor Relations Director
(516) 960-1319
SOURCE: Kingstone Companies, Inc.
Get a daily dose of Chicago Chronicle news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Chicago Chronicle.
More InformationLONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...
AMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions...
NEW YORK, New York - U.S. stocks rebounded Tuesday with all the major indices gaining ground. Markets in the UK, Europe and Canada...
NEW YORK CITY, New York: Financial markets kicked off the week on a cautious note as President Donald Trump rolled out a fresh round...
RIO DE JANEIRO, Brazil: At a two-day summit over the weekend, the BRICS bloc of emerging economies issued a joint declaration condemning...
LONDON, U.K.: This week, BP appointed Simon Henry, former Shell finance chief, to its board as a non-executive director effective September...
WASHINGTON, D.C.: An elaborate impersonation scheme involving artificial intelligence targeted senior U.S. and foreign officials in...
(Photo credit: Ed Szczepanski-Imagn Images) The Los Angeles Dodgers will attempt to stabilize their dwindling National League West...
(Photo credit: Jesse Johnson-Imagn Images) Former major league manager Lee Elia died on Wednesday, a week before his 88th birthday,...
(Photo credit: Kirthmon F. Dozier / USA TODAY NETWORK) Joe Coleman, the No. 3 selection in the first Major League Baseball draft...
(Photo credit: Jeff Curry-Imagn Images) St. Louis Cardinals starting pitcher Miles Mikolas will seek to get his season back on track...
(Photo credit: Kamil Krzaczynski-Imagn Images) The Chicago White Sox certainly would like to start a long winning streak of their...