Kingstone Companies, Inc. announced certain changes to the governance structure of its Board of Directors, reflective of the Board's continued evaluation of the Company's corporate governance profile and consistent with its commitment to shareholder value creation. Among the changes, Kingstone announced that Timothy McFadden has been named as Lead Independent Director of the Board, effective March 8, 2023. Mr. McFadden joined the Board as an independent director in 2018 and brings more than 30 years of experience in the insurance industry.

The Company announced the establishment of a Corporate Sustainability and Risk Management Committee of the Board. This Committee will be responsible for oversight of environmental, social and governance issues, cybersecurity, reinsurance, and talent acquisition and development. The Corporate Sustainability and Risk Management Committee will be comprised of three independent directors, Mr. McFadden (Chair), William Yankus and Carla D'Andre.

The Company further announced that the Compensation Committee of the Board and the Finance Committee of the Board have been combined to form the Board's Compensation and Finance Committee, comprised of Mr. Yankus (Chair), Ms. D'Andre, and Floyd Tupper. The Nominating and Governance Committee of the Board will now be chaired by Ms. D'Andre, with Messrs. McFadden and Tupper serving as members.