Kingstone raises $30mn proceeds from offering

Kingstone Companies raised final net proceeds of $30.2mn from its
recent share issue after underwriters exercised their purchase
option at the public offering price of $12.00.
As previously reported, the Kingston, New York-based insurer
will use funds raised to contribute capital to its operating
subsidiary Kingstone Insurance as it seeks a ratings upgrade from
AM Best.http://www.insuranceinsider.com/kingstone-targets-ratings-upgrade-with-30mn-capital-raise
The northeast US-focused multi-line P&