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Kingstone Announces Renewal Rights Transaction to Grow Homeowners Insurance Business in Downstate New York

1. KINS is replacing AmGUARD's homeowners policy in New York. 2. This move could increase KINS's market share in the region.

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FAQ

Why Bullish?

By acquiring AmGUARD's policyholders, KINS stands to expand its customer base, enhancing revenue potential. Historical precedents show similar moves have positively impacted insurance companies' valuations.

How important is it?

The agreement to take over AmGUARD's policies could significantly boost KINS’s revenues and market presence, thus warranting investor attention.

Why Short Term?

The immediate effect of securing new policyholders will be seen quickly once approved by regulators. Previous market reactions to similar announcements indicate rapid shifts in price based on new business acquisitions.

Related Companies

AMGUARDHIGALL
KINGSTON, NY / ACCESS Newswire / April 14, 2025 / Kingstone Companies, Inc. (Nasdaq:KINS) (the "Company" or "Kingstone"), a Northeast regional property and casualty insurance holding company, today announced that its subsidiary, Kingstone Insurance Company, has entered into an agreement to offer a replacement policy to selected Homeowners policyholders in Downstate New York as AmGUARD Insurance Company® ("AmGUARD") pivots focus away from admitted personal lines business. AmGUARD's withdrawal plan, which includes this transaction, is pending approval by the New York Department of Financial Services.

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