KINS

Kingstone Announces Estimated First Quarter 2023 Catastrophe Losses

Retrieved on: 
Monday, May 8, 2023

Kingstone Companies, Inc. (Nasdaq: KINS) (the “Company” or “Kingstone”), a Northeast regional property and casualty insurance holding company, today announced that Kingstone Insurance Company, its wholly-owned subsidiary, estimates net pre-tax catastrophe losses for the first quarter of 2023 of $3.72 million ($2.96 million after-tax).

Key Points: 
  • Kingstone Companies, Inc. (Nasdaq: KINS) (the “Company” or “Kingstone”), a Northeast regional property and casualty insurance holding company, today announced that Kingstone Insurance Company, its wholly-owned subsidiary, estimates net pre-tax catastrophe losses for the first quarter of 2023 of $3.72 million ($2.96 million after-tax).
  • Catastrophe losses for the quarter resulted from two events.
  • As previously announced, Kingstone will hold its 2023 First Quarter financial results conference call for analysts and investors on Friday, May 12, 2023 at 8:30 a.m. Eastern Time.
  • Financial information, including material announcements about Kingstone Companies, is routinely posted on www.kingstonecompanies.com .

Kingstone Schedules 2023 First Quarter Financial Results Conference Call

Retrieved on: 
Friday, April 21, 2023

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 First Quarter 2023 financial results conference call for analysts and investors on Friday, May 12, 2023, at 8:30 a.m. Eastern Time.

Key Points: 
  • 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 First Quarter 2023 financial results conference call for analysts and investors on Friday, May 12, 2023, at 8:30 a.m. Eastern Time.
  • The earnings announcement is scheduled for release shortly after the stock markets close on Thursday, May 11th.
  • The details of the conference call and webcast are as follows:
    The call will be simultaneously webcast over the internet and can be accessed via the following link fifteen minutes prior to the call:

KINS Technology Group Inc. Announces Closing of Business Combination with CXApp Holding Corp. - Leading Workplace Experience Platform Business

Retrieved on: 
Tuesday, March 14, 2023

PALO ALTO, Calif., March 14, 2023 (GLOBE NEWSWIRE) -- KINS Technology Group Inc (NASDAQ: KINZ) (“KINS”), a special purpose acquisition corporation sponsored by KINS Capital LLC, today announced the successful completion of its previously announced business combination with CXApp Holding Corp (“CXApp”) – the leading workplace experience platform in the market.

Key Points: 
  • PALO ALTO, Calif., March 14, 2023 (GLOBE NEWSWIRE) -- KINS Technology Group Inc (NASDAQ: KINZ) (“KINS”), a special purpose acquisition corporation sponsored by KINS Capital LLC, today announced the successful completion of its previously announced business combination with CXApp Holding Corp (“CXApp”) – the leading workplace experience platform in the market.
  • The business combination was approved at a special meeting of the KINS stockholders held on March 10th, 2023.
  • The new symbol represents the new Company’s vision of enhanced employee experiences (“CX”) with connected intelligence (“AI”).
  • We believe that with this unique value proposition and technology leadership CXApp is well-positioned for substantial growth.

Kingstone Announces Corporate Governance Changes

Retrieved on: 
Wednesday, March 8, 2023

Kingstone Companies, Inc. (Nasdaq:KINS) (the "Company" or "Kingstone"), a Northeast regional property and casualty insurance holding company, today announced certain changes to the governance structure of its Board of Directors (the “Board”), reflective of the Board’s continued evaluation of the Company’s corporate governance profile and consistent with its commitment to shareholder value creation.

Key Points: 
  • Kingstone Companies, Inc. (Nasdaq:KINS) (the "Company" or "Kingstone"), a Northeast regional property and casualty insurance holding company, today announced certain changes to the governance structure of its Board of Directors (the “Board”), reflective of the Board’s continued evaluation of the Company’s corporate governance profile and consistent with its commitment to shareholder value creation.
  • Among the changes, Kingstone announced that Timothy McFadden has been named as Lead Independent Director of the Board, effective March 8, 2023.
  • “I am honored to serve as Lead Independent Director of Kingstone’s Board of Directors and be a part of furthering the Company’s commitment to best corporate governance practices,” said Mr. McFadden.
  • “The announced changes are designed to ensure Kingstone has a robust governance structure in place to support strategic initiatives and long-term growth for the benefit of all our shareholders.”

Kingstone Adds Board Observer

Retrieved on: 
Monday, March 6, 2023

Under the terms of the Agreement, Mr. Fortunoff will serve as an Observer to Kingstone’s Board of Directors on an unpaid basis, effective on March 6, 2023.

Key Points: 
  • Under the terms of the Agreement, Mr. Fortunoff will serve as an Observer to Kingstone’s Board of Directors on an unpaid basis, effective on March 6, 2023.
  • As we continue this important work, we look forward to benefitting from Gregory’s perspective as an independent shareholder.”
    “Today I am happy to report that I will be joining the Board of Kingstone Companies as an Observer,” said Mr. Fortunoff.
  • “I was offered a full board membership, but after speaking with my advisors we agreed that the Observer designation would be the fastest way for me to engage as a board member and work with management.
  • Prior to making the decision to accept the Board offer from the Company, I spent time with the key members of management and some Board members.

Kingstone Announces Estimated Fourth Quarter 2022 Catastrophe Losses

Retrieved on: 
Wednesday, February 1, 2023

Kingstone Companies, Inc. (Nasdaq: KINS) (the “Company” or “Kingstone”), a Northeast regional property and casualty insurance holding company, today announced that Kingstone Insurance Company, its wholly-owned subsidiary, estimates net pre-tax catastrophe losses for the fourth quarter of 2022 of $3.66 million ($2.89 million after-tax) or 12.0 points of net earned premium.

Key Points: 
  • Kingstone Companies, Inc. (Nasdaq: KINS) (the “Company” or “Kingstone”), a Northeast regional property and casualty insurance holding company, today announced that Kingstone Insurance Company, its wholly-owned subsidiary, estimates net pre-tax catastrophe losses for the fourth quarter of 2022 of $3.66 million ($2.89 million after-tax) or 12.0 points of net earned premium.
  • Catastrophe losses for the quarter primarily resulted from Winter Storm Elliott, which significantly impacted the Northeast, including the states in which Kingstone operates.
  • Goldstein continued, “I am delighted to share that Kingstone achieved a milestone in 2022 with annual direct written premiums exceeding $200 million for the first time.
  • The increase in our premiums at a higher rate than the growth in exposures is representative of the progress we are making on our go-forward plan to return Kingstone to profitability.”
    As previously announced, Kingstone will hold its 2022 Fourth Quarter and Full Year 2022 financial results conference call for analysts and investors on Friday, March 31, 2023 at 8:30 a.m. Eastern Time.

Kingstone Schedules 2022 Fourth Quarter and Full Year Financial Results Conference Call

Retrieved on: 
Tuesday, January 24, 2023

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 2022 Fourth Quarter and Full Year 2022 financial results conference call for analysts and investors on Friday, March 31, 2023 at 8:30 a.m. Eastern Time.

Key Points: 
  • 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 2022 Fourth Quarter and Full Year 2022 financial results conference call for analysts and investors on Friday, March 31, 2023 at 8:30 a.m. Eastern Time.
  • The earnings announcement is scheduled for release shortly after the stock markets close on Thursday, March 30th.
  • The details of the conference call and webcast are as follows:
    The call will be simultaneously webcast over the internet and can be accessed via the following link fifteen minutes prior to the call:

Inpixon Announces Record Date and Details for Distribution for Enterprise Apps Business Spin-Off

Retrieved on: 
Monday, February 13, 2023

Inpixon Securityholders will receive shares of CXApp Holding common stock on a pro rata basis representing 100% of Inpixon's interest in CXApp Holding.

Key Points: 
  • Inpixon Securityholders will receive shares of CXApp Holding common stock on a pro rata basis representing 100% of Inpixon's interest in CXApp Holding.
  • Immediately following the distribution of CXApp Holding shares, the Business Combination is expected to close.
  • Inpixon Securityholders will receive an aggregate of approximately 6,900,000 shares of New CXApp common stock in exchange for their shares of CXApp Holding common stock.
  • Their CXApp Holding shares received upon distribution of the dividend will automatically be exchanged for New CXApp common stock in the Business Combination on the closing date.

Kingstone Appoints Jennifer Gravelle as Chief Financial Officer

Retrieved on: 
Tuesday, January 17, 2023

Kingstone Companies, Inc. (Nasdaq:KINS) (the "Company" or "Kingstone"), a Northeast regional property and casualty insurance holding company, today announced that Jennifer Gravelle has been appointed Chief Financial Officer as of January 17, 2023.

Key Points: 
  • Kingstone Companies, Inc. (Nasdaq:KINS) (the "Company" or "Kingstone"), a Northeast regional property and casualty insurance holding company, today announced that Jennifer Gravelle has been appointed Chief Financial Officer as of January 17, 2023.
  • Gravelle brings to Kingstone more than 20 years of leadership experience in the P&C insurance industry and expertise in coastal-focused property insurance specifically.
  • “We are thrilled to welcome Jennifer to Kingstone and believe her depth of expertise in today’s complex insurance environment make her a strong addition to our team,” said Barry Goldstein, Kingstone's Chairman and Chief Executive Officer.
  • “Jennifer has a track record of delivering high-performance results, and I know the Company will benefit from her tremendous experience.”
    “In addition to a deep understanding of the coastal-focused property insurance marketplace, rating agency relations, capital structure and reinsurance, Jennifer brings significant financial acumen with her to Kingstone,” said Meryl Golden, Kingstone's Chief Operating Officer.

Kingstone Board of Directors Issues Open Letter to Stockholders Highlighting Strategic Progress and Focus on Value Creation

Retrieved on: 
Thursday, December 22, 2022

Returning Kingstone to profitability has been our primary objective driven by our Kingstone 2.0 transformation.

Key Points: 
  • Returning Kingstone to profitability has been our primary objective driven by our Kingstone 2.0 transformation.
  • We remain open to engagement on any transaction that will enhance stockholder value, and continue to work with TigerRisk in this regard.
  • Today, as a result of our strategic investments and actions, Kingstone is better positioned to create sustainable, long-term value for you, our stockholders.
  • 2023 marks the beginning of the next chapter for Kingstone and we look forward to sharing more on our progress as we move forward.