Business
Kingstone Announces Addition of Manmohan Singh to its Board of Directors
KINGSTON, NY / ACCESSWIRE / April 10, 2024 / Kingstone Companies, Inc. (NASDAQ:KINS) (the "Company" or "Kingstone"), a Northeast regional property and
About this update from Kingstone Companies, Inc
[{"type":"text","content":"KINGSTON, NY / ACCESSWIRE / April 10, 2024 / Kingstone Companies, Inc. (NASDAQ:KINS) (the \"Company\" or \"Kingstone\"), a Northeast regional property and casualty insurance holding company, today announced the appointment of Manmohan \"Manu\" Singh to its Board of Directors. Mr. Singh's appointment was in accordance with the terms outlined in an agreement between the Company and certain noteholders, pursuant to which the noteholders have the right to nominate one person to serve as a member of the Company's Board of Directors.\"We are delighted to announce the addition of Mr. Singh to our Board, following his service as a Kingstone Board observer since 2023. This transition underscores our confidence in Mr. Singh's capabilities and the invaluable insights he brings to our strategic discussions and decision-making processes. We believe his significant experience in insurance, financial operations, and risk management will be very helpful to the company as we accelerate our operations post-transformation. We eagerly anticipate the meaningful contributions he will bring as we strive to achieve sustainable long-term profitability,\" commented Meryl Golden, Chief Executive Officer of Kingstone.Mr. Singh noted, \"I am honored to join Kingstone's Board and collaborate with the management team as the Company progresses in its ongoing initiatives and business opportunities. I anticipate sharing my insights and contributing to the Company's strategic vision, leveraging its current momentum to create value for its shareholders.\"About Manmohan \"Manu\" SinghMr. Singh is the Group Chief Financial Officer and Head of Corporate Development for Angel Oak Companies, overseeing financial operations, including accounting and treasury, for all of Angel Oak's subsidiaries. He is also a member of the Angel Oak Enterprise Risk Management Committee. Previously, he was a Director in the Insurance Investment Banking team at New York-based Sandler O'Neill & Partners, which was an investment bank specializing in financial institutions that merged with Piper Jaffray Companies to form Piper Sandler Companies. During his 12 years with Sandler O'Neill, Mr. Singh worked extensively in the insurance sector, advising them on capital raising and M&A related matters. Manu has been involved with several key M&A transactions, including those involving private equit...