Kingstone Companies, Inc., a property and casualty insurance holding company, announced that its board of directors has accepted the request to retire by its chief executive officer, Dale Thatcher, for personal reasons.
Barry Goldstein, Kingstone's executive chairperson and its largest shareholder, has agreed to immediately return to the chief executive officer role at the request of the board.
Mr. Goldstein served as the company's chief executive officer from 2001 through 2018.
“I'm delighted to reassume the post of CEO of a company I worked so hard to build and that is so dear to my heart. I have one immediate goal. That is, while our growth rate continued in Q2, we must now be laser focused on taking those actions needed to enhance our underwriting profitability and post results more consistent with our long history of excellent returns,” Mr. Goldstein said.
Kingstone is a northeast regional property and casualty insurance holding company whose principal operating subsidiary is Kingstone Insurance Company, a New York domiciled carrier offering primarily personal lines insurance products in New York, New Jersey, Rhode Island, Massachusetts, Connecticut and Pennsylvania. Kingstone also is licensed (but not yet active) in New Hampshire and Maine.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].