Strategic Partnership Drives Growth in key Market

kingstone Companies,Inc., a prominent regional insurance holding company, is strategically expanding its home insurance operations within the southern region of New York State. This move signifies a focused effort to capitalize on the growing demand for homeowner’s insurance in this specific geographic area.

Collaboration with Amguard Insurance Facilitates seamless Transition

To facilitate this expansion, Kingstone has forged a strategic alliance with Amguard insurance Company. the core of this partnership involves Kingstone offering replacement policies to a segment of Amguard’s existing policyholders. This arrangement allows Amguard to strategically reduce its exposure to individual insurance lines, shifting its focus towards other market segments.

This transition encompasses roughly $70 million in premiums and is contingent upon the approval of the New York State Department of Financial Services, ensuring regulatory compliance and consumer protection.

Executive Perspectives on the Partnership

Meryl Golden, CEO of Kingstone, emphasized the importance of collaboration with Amguard’s distribution network to ensure a seamless transition for policyholders. The anticipated launch date for this initiative is the third quarter of 2025.

We are committed to working closely with Amguard’s distribution partners to ensure a smooth and efficient transition for all affected policyholders.
Meryl Golden,CEO of Kingstone

Adam Edelstein,CEO of Amguard,highlighted the company’s strategic shift towards commercial insurance,positioning Kingstone as the ideal partner to assume responsibility for their existing homeowner’s insurance portfolio.

Our strategic focus is increasingly on the commercial insurance market, and Kingstone’s expertise in homeowner’s insurance makes them a perfect fit to take care of our existing insureds.
Adam edelstein, CEO of Amguard

Implications for the Home Insurance Market

this strategic move by Kingstone comes at a time when the home insurance market is experiencing meaningful shifts.according to recent industry reports, homeowner’s insurance premiums have been steadily rising due to factors such as increased frequency and severity of weather-related events and rising construction costs. Such as, data from the Insurance Details Institute indicates that the average homeowner’s insurance premium increased by over 12% in the past year alone.

Kingstone’s expansion in southern New York could provide homeowners in the region with more competitive options and perhaps help to stabilize premium rates. The company’s focus on this specific geographic area allows them to tailor their policies to the unique needs and risks of homeowners in that region.

Looking Ahead

The prosperous implementation of this partnership between Kingstone and Amguard hinges on regulatory approval and a smooth transition for policyholders. As the third quarter of 2025 approaches, industry observers will be closely watching to see how this strategic move impacts the home insurance landscape in southern New York.