Business
Kingstone Announces Addition of Thomas Newgarden to its Board of Directors
KINGSTON, NY / ACCESSWIRE / June 18, 2024 / Kingstone Companies, Inc. (Nasdaq:KINS) (the "Company" or "Kingstone"), a Northeast regional property and casualty
About this update from Kingstone Companies, Inc
[{"type":"text","content":"KINGSTON, NY / ACCESSWIRE / June 18, 2024 / Kingstone Companies, Inc. (Nasdaq:KINS) (the \"Company\" or \"Kingstone\"), a Northeast regional property and casualty insurance holding company, today announced the appointment of Thomas \"Tom\" Newgarden to its Board of Directors.\"We are pleased to announce the addition of Mr. Newgarden to our Board. His experience in insurance operations, particularly underwriting and product development, along with his knowledge of the Insurtech landscape, will be very helpful to the company as we continue to enhance our product offerings and improve the efficacy of our operations. I look forward to collaborating with Mr. Newgarden and to his contributions to long-term profitability,\" commented Meryl Golden, Chief Executive Officer of Kingstone.Mr. Newgarden noted, \"I am honored to be joining Kingstone's Board of Directors. I look forward to working closely with the management team to build on the company's strong foundation and drive future growth. It is a privilege to have the opportunity to contribute to Kingstone's success and enhance value for all shareholders.\"About Thomas NewgardenMr. Newgarden is an analytics-driven insurance executive with over 30 years of experience, leading efforts to profitably grow carriers across the property and casualty spectrum, with a primary focus on personal lines. His areas of expertise include predictive modeling/data science, product management/development segmentation, Insurtech/business development, underwriting, and actuarial disciplines.Mr. Newgarden played an instrumental role in the successful acquisition and rehabilitation of National General Insurance (formerly GMAC insurance), including Executive Vice President and Chief Underwriting Officer, Chief Analytics Officer, and President of National General Preferred, culminating in the successful sale to Allstate Insurance.Prior to National General, Mr. Newgarden enjoyed similar achievements in profitable growth as Senior Vice President and Chief Underwriting Officer at AIG Private Client Group, Senior Vice President of Personal Lines at Safeco Insurance, and Vice President of Underwriting at Plymouth Rock Assurance.Since leaving Allstate in 2022, Mr. Newgarden has primarily worked as a consultant and advisor to carriers and other insurance entities including Jerry Insurance and Aspire General Insuranc...