Kingstone Companies entered into a renewal rights agreement with AmGUARD Insurance Company for approximately $70 million in written premium in Downstate New York. This agreement presents a substantial opportunity for Kingstone to expand its market presence.
The transaction is estimated to generate an additional $25 million to $35 million in premiums for Kingstone over a 12-month period, with the benefits commencing in late Q3 2025. This influx of new business is expected to accelerate the company's premium growth.
This strategic agreement allows Kingstone to expand its footprint through new distribution partners and write business directly into its profitable Select product. The deal reinforces Kingstone's ability to capitalize on market opportunities and leverage its advanced underwriting capabilities.
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