Keystone, a leading insurance platform, announced a planned leadership transition designed to continue to drive growth and momentum. As part of this strategy, Mike Walsh, a seasoned insurance industry executive with a proven track record of driving innovation and performance, will be appointed President in the coming months. This initial step will allow Mr. Walsh to work closely with the leadership team and Patrick Kinney to ensure a smooth and effective transition. Patrick Kinney will continue to serve as CEO during this period, providing ongoing leadership and guidance while overseeing the transition process. Once the transition is complete, Mr. Walsh will assume the role of CEO, and Mr. Kinney will move to the Keystone Board of Directors, where he will continue to offer strategic insight and support. This phased approach has been thoughtfully structured to preserve organizational continuity and maintain the strong foundation that positions Keystone for long-term success.

"We're delighted to welcome Mike to the Keystone leadership team and believe he's the right fit to drive the company's next phase of growth," said Jeff Stein, Managing Director and Head of U.S. Financial Services at Warburg Pincus. "Mike's proven track record of growth and innovation, combined with his deep understanding of the insurance industry, make him the ideal leader of the organization. We look forward to partnering with Mike, Patrick and the leadership team as he executes on Keystone's vision for continued growth and success."

Mike Walsh brings a wealth of experience and knowledge to Keystone, having spent his career building and growing successful insurance businesses. As the former President of Commercial Property and Casualty at NFP, Mike has developed a strong track record of driving organic growth, capturing new business, and expanding acquisition opportunities.