Kingstone Successfully Sponsors Inaugural $125M Catastrophe Bond

Kingstone Companies, Inc. (the "Company" or "Kingstone"), a Northeast regional property and casualty insurance holding company, today announced the successful issuance of a $125M catastrophe bond, marking a significant milestone in the company's strategic risk transfer and capital management initiatives. The catastrophe bond issuance is the first sponsored by the Company's subsidiary, Kingstone Insurance Company.

The Series 2025-1 notes were priced at 4.5% and issued through a Bermuda-registered special purpose insurer, 1886 Re Ltd., providing Kingstone Insurance Company with $125M of collateralized reinsurance protection. The notes offer multi-year protection against named storm events across New York, New Jersey, Connecticut, Massachusetts and Rhode Island on an indemnity trigger and per-occurrence basis. The notes, which were structured and placed by Aon Securities LLC, will cover four annual risk periods from July 1, 2025, through June 30, 2029.

Meryl Golden, President and Chief Executive Officer of Kingstone, stated, "We are pleased to have sponsored this catastrophe bond issuance, which enhances our access to efficient, diversified capital. This transaction has enabled the Company to secure additional multi-year reinsurance capacity while also helping to manage the overall cost of protection. We are thankful to Aon Securities for their effective execution of the process and to our catastrophe bond investors for their support."

Richard Pennay, CEO of Aon Securities LLC, said, "Aon Securities is honored to have partnered with Kingstone on their inaugural catastrophe bond, issued by 1886 Re Ltd. The support Kingstone received from the global catastrophe bond investor base is a tribute to the company and management team. With this offering, Kingstone has demonstrated its ability to access a diversifying source of risk-transfer protection."