The Board of Directors of property and casualty (P&C) insurance holding company, Kingstone Companies, Inc., has extended Meryl Golden’s term as President and Chief Executive Officer through January 10th, 2029.
The Compensation Committee recommended this extension, as Golden’s current agreement was set to expire on January 10th, 2027.
This move follows the insurer’s expansion into the California market in the second quarter of 2026, as announced in a letter to shareholders.
It marks the first phase of the company’s broader geographic diversification strategy, as the firm posted a record-breaking financial year 2025, with net income of $40.8 million and a combined ratio of 75%.
Thomas Newgarden, Chairman of the Board, Kingstone Companies, commented, “This extension follows a review by the Compensation Committee and reflects the Board’s confidence in Ms Golden and in the plan she is executing. Under her direction, Kingstone has returned to record profitability and established a clear road map for measured expansion.
“With the Company’s entry into California and additional new-state expansion ahead, the Board concluded that Ms Golden is the right leader to execute that plan, and extending her agreement now best serves shareholders.”
Golden added, “I am grateful for the Board’s confidence and for the opportunity to continue leading this amazing company through its next phase of profitable growth.
“My work is not done, and I’m excited about the opportunities ahead to continue innovating and to lead our incredible team to achieve our 2029 goal of $500 million in direct written premium.”
