The board of directors of property and casualty (P&C) insurance holding company Kingstone Companies, Inc. has extended the term of Meryl Golden as president and chief executive officer until January 10, 2029.
The Compensation Committee recommended an extension as Golden’s current agreement expires on January 10, 2027.
Previously, the insurance company announced in a letter to shareholders that it would enter the California market in the second quarter of 2026.
This marks the first phase of a broader geographic diversification strategy for the company, which reported record fiscal 2025 net profit of $40.8 million and a combined ratio of 75%.
Thomas Newgarden, Chairman of Kingston’s Board of Directors, commented, “This extension follows a review by the Compensation Committee and reflects the Board’s confidence in Ms. Golden and the plans she is executing. Under her leadership, Kingston has returned to record profitability and established a clear roadmap for robust expansion.”
“As the company enters California and expands into further new states in the future, the board has concluded that Ms. Golden is the right leader to execute this plan and that extending her agreement now is in the best interest of shareholders.”
Golden added: “I’m grateful for the board’s confidence and the opportunity to continue leading this amazing company into its next phase of profitable growth.
“My work is not done yet, and I am excited about the opportunities ahead to continue to innovate and lead our exceptional team toward our goal of $500 million in direct written premiums by 2029.”
