Property and casualty insurer Kingstone incurred net pre-tax catastrophe losses of $1.2 million in the fourth quarter of 2020.
Cat losses for the quarter comprised four events at an estimated gross cost of $1.5 million.
The company has also appointed Scott Van Pelt to its senior management team as Chief Financial Officer.
Van Pelt joins with over 30 years’ experience in the insurance industry, having served as Chief Financial Officer at CHW Group, Citi Reinsurance and Star & Shield Insurance.
He will drive Kingstone’s strategic priorities with regard to finance and accounting.
“We are excited to have Scott join Kingstone’s management team. His deep experience in the insurance industry will be an invaluable asset to us as we seek to position ourselves as a leading regional carrier,” said Barry Goldstein, Kingstone’s Chief Executive Officer.
Commenting on his appointment, Van Pelt said, “I am thrilled to join the senior leadership team at Kingstone and look forward to helping lead the Company to even greater successes.”
