Brief: Kingstone Announces Its Exit From Commercial Liability Lines

Kingstone Companies

23/07/2019 18:05

Kingstone Companies Inc  KINS.O :
    * KINGSTONE ANNOUNCES ITS EXIT FROM COMMERCIAL LIABILITY
LINES
    * KINGSTONE COMPANIES INC - WILL CONTINUE TO UNDERWRITE
PHYSICAL
DAMAGE ONLY PRODUCT
    * KINGSTONE COMPANIES INC - KINGSTONE INSURANCE COMPANY HAS
DECIDED TO NO LONGER UNDERWRITE COMMERCIAL LIABILITY RISKS
    * KINGSTONE COMPANIES INC SAYS CO'S CEO CONCLUDED THAT IT
WOULD BE
IN CO'S AND SHAREHOLDERS' BEST INTEREST TO EXIT COMMERCIAL
LIABILITY LINES
    * KINGSTONE - "ACTIVELY EXPLORING VARIOUS ALTERNATIVE
REINSURANCE
ARRANGEMENTS" TO EITHER WALL OFF/ELIMINATE ASSOCIATED
LIABILITIES FROM OUR BALANCE SHEET
    * KINGSTONE COMPANIES INC - COMMERCIAL LIABILITY LINES
"ACCOUNTED
FOR MOST OF THE ADVERSE LOSS DEVELOPMENT WE EXPERIENCED IN Q1"

Source text for Eikon:  ID:nBw4PGhRna 
Further company coverage:  KINS.O