Pine Technology
Acquisition Corp.

NASDAQ: PTOCU; PTOC; PTOCW

About

Pine Technology Acquisition Corp. is a Special Purpose Acquisition Company (SPAC) targeting businesses in the insurance-related technology (InsurTech) sector for its initial business combination. The company is led by CEO and Director Christopher Longo, the Founder and CEO of tech-focused commercial insurance managing general agent and brokerage, Novum Underwriting Partners, and the former CIO and COO of AmTrust Financial Services, Inc. (AmTrust) and Chairman Adam Karkowsky, who currently serves as the President of AmTrust. Pine Technology Acquisition Corp. was founded in December 2020 and its Units, Class A common stock and warrants are listed on the NASDAQ under the symbols PTOCU, PTOC, and PTOCW, respectively.

The Team

Chris Longo

CEO and Director

Chris Longo, Founder and CEO of Novum Underwriting Partners, and former CIO and COO of AmTrust Financial Services, Inc., is an insurance industry thought leader in technology and large-scale operations. Mr. Longo has supported the successful close and integration on 40+ acquisitions during his time with AmTrust, helping the company grow from less than $10M in written premium in 1998 to over $7B in written premium in 2019, as well as creating multiple unique proprietary software applications, all managed on a single operating platform and architecture.

Adam Karkowsky

Non-Executive Chairman of the Board

Adam Karkowsky is the President of AmTrust Financial Services, Inc., and has completed over 40 strategic acquisitions spanning the entire insurance value chain including carriers, managing general agents, and agencies. As CFO of AmTrust, Mr. Karkowsky helped lead the $2.95B go-private transaction in which AmTrust was sold to an investment group led by the Karfunkel-Zyskind family and Stone Point Capital.

Barry Zyskind

Sponsor

Barry Zyskind is the Chairman of the Board of Directors and CEO of AmTrust Financial Services. Through organic growth and strategic acquisitions, Mr. Zyskind grew the company from less than $10M in premium to over $7B since the company's founding. In 2014, Forbes magazine included Mr. Zyskind and AmTrust on it's list of America's best managed companies. Mr. Zyskind was appointed non-executive Chairman of the Board of Directors of National General Holdings Corp in 2016, which was recently sold to Allstate for approximately $4B.

Stone Point (blue backgroud - square).pn

Trident Pine Acquisition LP

Sponsor

Stone Point is a financial services-focused private equity firm based in Greenwich, CT. The firm has raised and managed eight private equity funds - the Trident Funds - with aggregate committed capital of more than $26 billion. Stone Point targets investments in companies in the global financial services industry and related sectors. For more information, please visit www.stonepoint.com

Ciro DeFalco

CFO

Ciro M. DeFalco is an Executive Advisor for G58 Capital, an advisory and consulting firm that serves property/casualty insurance boards, executive management and private equity investors since its inception in September 2019. He is also a consultant to and board member of Adar Tree Capital Corp., an insurance and investment holding company. Mr. DeFalco was previously Executive Vice President and Chief Financial Officer of The Navigators Group, Inc., a Nasdaq-listed global specialty insurer, from October 2011 until its sale to The Hartford in 2019. Mr. DeFalco was also a member of Navigators’ Global Leadership Team, and served as a Director of its two U.S. insurance companies, Lloyd’s of London Syndicate and two Continental European companies. Prior to Navigators, Mr. DeFalco was Senior Vice President & Group Planning Officer of White Mountains Re Group, the reinsurance subsidiary of White Mountains Insurance Group. From 2002 to 2011, he managed the direction and oversight of WMRe’s Planning, Capital Management and Catastrophe Management Reporting & Analysis functions. He is accredited as a Certified Public Accountant and Chartered Global Management Accountant.

Board Members

J. Eric Smith

Director

Bradley Tusk

Director

Nicolas D. Zerbib

Director

News Releases