Kingstone Appoints Randy L. Patten as CFO to Lead Financial Growth Strategy
Kingstone Companies, Inc., a Northeast regional property and casualty insurance holding company, has appointed Randy L. Patten as its new Chief Financial Officer, effective August 25, 2025. Patten brings extensive experience from his previous role at NEXT Insurance, a California-based technology-driven P&C insurer, where he was instrumental during the company's $2.6 billion acquisition by ERGO Group AG, a MunichRe subsidiary. His background also includes senior finance roles at United Fire Group and Transamerica Life Insurance, with deep expertise in financial reporting, SEC compliance, and enterprise risk management.
As CFO, Patten will oversee Kingstone's finance operations, including GAAP and statutory accounting, capital management, financial planning and analysis, compliance, SEC filings, tax, investor relations, and treasury functions. His appointment is expected to enhance Kingstone’s strategic financial leadership, supporting the company's growth objectives in the Northeast P&C insurance market.
Kingstone Insurance Company (KICO), Kingstone's principal subsidiary, operates primarily in New York through retail and wholesale brokers, writing personal lines and commercial auto insurance. KICO ranked as the 12th largest homeowner's insurance writer in New York in 2024 and holds licenses in several Northeast states, including New Jersey, Rhode Island, Massachusetts, Connecticut, Pennsylvania, New Hampshire, and Maine.
The appointment signals Kingstone's focus on continued profitable growth and consolidation of its market position. Patten's combination of technical financial expertise and experience in public company finance, capital raising, and mergers and acquisitions aligns with Kingstone’s ambitions in the competitive regional insurance arena.
Kingstone's management confirmed the company’s recent turnaround and positive market outlook, with Patten contributing to ongoing strategic execution and drawing on a strong leadership team. The company also highlighted the regulatory compliance and risk management knowledge Patten brings, which are critical in addressing evolving industry standards and SEC reporting requirements.
Forward-looking statements included in Kingstone's release emphasize that future results may vary due to market conditions and other factors. The company reiterated its compliance with disclosure regulations and its commitment to updating shareholders as required. This leadership update reflects Kingstone's position as a growing Northeast regional insurer with focused ambitions in property and casualty lines.