Pranav Pasricha
About Pranav Pasricha
Entrepreneurial insurance and insuretech executive; elected independent director of Kingstone Companies, Inc. on August 6, 2025 (Age 51 as of the record date). Background includes CEO roles in insuretech and senior leadership at a global reinsurer; education includes a B.E. in Electronics & Communications (M.D. University, India), MBA (University of Otago, NZ), and Northwestern Kellogg Executive Program in Strategic IT. Tenure at KINS began with shareholder election at the 2025 annual meeting; as of the 2025 proxy filing, he was a nominee, later confirmed elected by shareholders. Independence status for him was not explicitly stated in the proxy’s independence determinations (which covered then-sitting directors prior to the meeting).
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Swiss Re | Global Head, P&C Solutions | Aug 2020 – Dec 2022 | Led P&C solutions globally at a major reinsurer, implying deep underwriting/analytics expertise relevant to KINS risk oversight. |
| IntellectSEEC | Chief Executive Officer | Jun 2014 – Jul 2020 | CEO of insurance software firm; experience scaling platforms and tech commercialization. |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| BluePond.Ai | Chief Executive Officer | Oct 2023 – Present | Founder/CEO of GenAI-based P&C insuretech; tech and analytics insight for KINS’s risk and IT oversight. |
| BluePond Capital | Managing Partner | Aug 2022 – Present | Family office incubating insuretech startups; potential ecosystem insights; no related-party transactions disclosed by KINS. |
| Point72 Hyperscale | Entrepreneur in Residence | Jan 2023 – Jun 2023 | Early-stage company building experience; network access; no KINS interlocks disclosed. |
Board Governance
- Election result: Shareholders elected Pasricha on Aug 6, 2025 with 5,810,077 votes “For,” 52,254 “Withheld,” and 4,166,902 broker non-votes, indicating strong support.
- Committee assignments for Pasricha were not disclosed in the proxy or 8-K text available; the company’s 8-K referenced a press release on board composition but the exhibit text was not included in the retrieved record.
- Current committee structure and chairs around the time of his election (board-level context):
- Audit Committee: Chair – Floyd R. Tupper; members include Tupper, Newgarden, Yankus, McFadden; Tupper designated “audit committee financial expert.”
- Nominating & Corporate Governance: Chair – Carla A. D’Andre; members include D’Andre, McFadden, Tupper, Singh.
- Compensation Committee: Chair – William L. Yankus; members include Yankus, Newgarden, Tupper, Singh, D’Andre.
- Risk Committee: Chair – Thomas Newgarden (since June 2025).
- Investment & Capital Committee: Chair – Manmohan Singh (since June 2025).
- Board leadership and oversight: Non-Executive Chairman (Newgarden); Lead Independent Director (McFadden) with responsibilities including executive sessions of independent directors and CEO evaluation; risk oversight distributed across Risk, Audit, and Compensation Committees.
- Attendance: In 2024, all directors met at least 75% attendance; Board held 7 meetings; committee meetings: Audit (4), Nominating (5), Compensation & Finance (8). Pasricha was not yet a director in 2024.
- Cumulative voting is provided in the charter for director elections, which can amplify minority holder influence.
Fixed Compensation
| Element | Amount/Terms | Vesting/Timing |
|---|---|---|
| Annual cash retainer (non‑employee director) | $50,000 | Paid in cash for board service. |
| Chair retainers | Non‑Executive Chair: +$125,000; Audit Chair: +$25,000; Other committee chairs: +$15,000 | Paid in cash. |
| Equity retainer | $53,000 in common stock granted on the first business day of each year | Vests on the first anniversary of the grant date. |
Note: 2024 director compensation policy shown; Pasricha’s actual 2025 grants/fees were not enumerated in available filings and may depend on appointment timing.
Performance Compensation
| Component | Details |
|---|---|
| Performance-based metrics for directors | None disclosed; non-employee director compensation comprises fixed cash and time‑vested stock; no option awards granted to directors in 2024. |
Other Directorships & Interlocks
| Category | Details |
|---|---|
| Other public company boards (Pasricha) | None disclosed in his biography; the proxy’s nominee profile lists executive roles but no public board directorships. |
| Interlocks with KINS competitors/suppliers/customers | No related-party transactions disclosed involving Pasricha; Board reviews related-party matters case-by-case. |
Expertise & Qualifications
- Insurance and reinsurance operations, product/analytics, and insuretech commercialization (Swiss Re P&C Solutions leadership; IntellectSEEC CEO; BluePond.Ai CEO).
- Technology strategy and AI/ML-adjacent experience; executive program in Strategic IT (Kellogg).
- Education: B.E. (Electronics & Communications), MBA (University of Otago), Exec Program (Kellogg).
Equity Ownership
| Holder | Beneficial Ownership (Shares) | % of Class | As-of Date |
|---|---|---|---|
| Pranav Pasricha | — | — | June 13, 2025 (record date for 2025 proxy). |
No shares reported as beneficially owned by Pasricha as of the proxy record date; subsequent ownership changes post-election are not disclosed in the available filings.
Governance Assessment
- Signals supporting confidence:
- Strong shareholder support for election (5.81M For vs. 52k Withheld) and broad approval of say‑on‑pay (5.52M For; 0.32M Against; annual frequency favored), indicating constructive investor sentiment heading into his tenure.
- Majority‑independent board with defined risk, audit, and compensation oversight; designated audit committee financial expert.
- Neutral/monitor:
- Committee assignments for Pasricha were not disclosed in accessible filings; confirm post‑election committee placements to assess where his insuretech/analytics expertise will influence oversight.
- As of record date, no personal share ownership; equity alignment typically occurs via the annual director stock grant ($53k, time‑vested). Verify if/when he receives an initial award after August appointment.
- RED FLAGS to monitor:
- Related‑party oversight: Company states related‑party transactions are reviewed case‑by‑case and has not formally adopted procedures—ensure any potential vendor overlap from BluePond‑affiliated entities is disclosed/managed if they interact with KINS.
- Process hygiene: 2024 late Form 4 filings occurred for certain officers (not directors); while not tied to Pasricha, continued monitoring of Section 16 compliance is warranted.
Shareholder Feedback Snapshot (2025 Annual Meeting)
| Matter | For | Against | Abstain | Broker Non‑Votes |
|---|---|---|---|---|
| Election – Pranav Pasricha | 5,810,077 | 52,254 | — | 4,166,902 |
| Ratify CBIZ CPAs P.C. | 9,997,477 | 24,421 | 7,335 | — |
| Say‑on‑Pay | 5,517,003 | 324,524 | 20,804 | 4,166,902 |
| Say‑on‑Pay Frequency – 1 Year | 4,940,857 | 23,781 (2 Years) | 884,582 (3 Years) | 13,111 |
Notes and Disclosures Relevant to Board Effectiveness
- Board held 7 meetings in 2024; all directors met ≥75% attendance (Pasricha not yet on the board).
- Lead Independent Director (McFadden) presides over executive sessions and CEO evaluation; Non‑Executive Chair provides overall leadership and is ex‑officio on all standing committees.
- Risk oversight: A dedicated Risk Committee addresses underwriting/claims, reinsurance, catastrophe/climate risk, and cybersecurity/IT risks.
- Cumulative voting in director elections can influence governance dynamics and shareholder activism strategies.
Appendix: Director Compensation Context (FY2024)
| Director | Cash Fees | Stock Awards | Options | Total |
|---|---|---|---|---|
| Non‑employee directors (examples) | ||||
| Thomas Newgarden | $65,000 | $29,042 | — | $94,042 |
| Timothy P. McFadden | $65,000 | $53,000 | — | $118,000 |
| Floyd R. Tupper | $75,000 | $53,000 | — | $128,000 |
| William L. Yankus | $80,000 | $53,000 | — | $133,000 |
| Carla A. D’Andre | $65,000 | $53,000 | — | $118,000 |
| Manmohan Singh | $36,389 | $38,665 | — | $75,054 |
- Unvested director RSUs at year end illustrate equity alignment for siting directors: most non‑employee directors held 24,883 unvested shares; Newgarden 6,114; Singh 8,728.
Sources: Kingstone 2025 DEF 14A proxy statement and subsequent 8‑K election results and press materials.