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Stock impact report

Kingstone Completes Quota Share Placement [Yahoo! Finance]

Kingstone Companies, Inc (KINS) 
Last kingstone companies, inc earnings: 3/11 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: kingstonecompanies.com
Company Research Source: Yahoo! Finance
KINGSTON, NY / ACCESSWIRE / January 3, 2024 / Kingstone Companies, Inc. (Nasdaq:KINS) (the "Company" or "Kingstone"), a Northeast regional property and casualty insurance holding company, announced today that its quota share reinsurance program for 2024 has been fully placed. Meryl Golden, Kingstone CEO, stated, "I am delighted to let you know that Kingstone has finalized its quota share reinsurance treaties for 2024. Under the new agreements, Kingstone will cede, subject to certain limitations, exclusions and conditions, 27% of its personal lines' insurance written (down from 30% in 2023) and will receive a higher ceding commission rate than in 2023. A small (3%) treaty was also placed into runoff, so we have additional coverage for the winter months, in particular." "We are pleased with our ability to secure reinsurance capacity from a high-quality panel of reinsurance partners. It says a great deal when some of the world's largest and most respected reinsurers choose to stake Show less Read more
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