NEW YORK, NY — Stonybrook Capital, a preeminent investment and merchant bank focused on the insurance sector, announced today that Andrew Downing has joined the firm as the president of the newly formed Stonybrook Risk Management division. Mr. Downing will focus on providing value-added services to Stonybrook’s clients and prospects with an emphasis on the Insurance Carrier and MGA marketplace, InsurTech, Product Development, Alternative Risk, Captive Services, Reinsurance and Strategic Advisory.
“As a firm that focuses on the insurance industry, we are acutely aware how important it is to be able to provide services beyond the traditional investment banking scope. We are excited to have Andrew as part of the team and know that our clients and prospects will appreciate the complimentary services that he can provide and the experience that he has in the sector,” Principal and Managing Director, Joe Scheerer said.
Mr. Downing added, “Joe has done a tremendous job in building out Stonybrook. He has created an organization that is driven to provide best in class solutions for their clients, by recognizing the importance of value and commitment the entire team brings to the table. Having the ability to provide a broader service offering through risk management and ancillary insurance services will only add to the already successful client experience”.
Mr. Downing has over 25 years of experience in the (re)insurance industry and has held various positions at E.W. Blanch, Towers Perrin/Towers Watson and most recently JLT Re. Mr. Downing works closely with his clients and prospects to establish long-term profitable relationships throughout all phases of the insurance and reinsurance value chain.
Mr. Downing graduated from the Metropolitan State University of Minnesota with a Bachelor of Arts degree in Finance and Communications.
About Stonybrook Capital
Stonybrook Capital is a merchant and investment-banking firm located in New York City that focuses exclusively on the insurance and reinsurance industry. The Company’s shareholders include its employees, a renowned individual from the reinsurance industry.
Securities transactions are executed through Weild & Co., member FINRA | SIPC.
Principal & Managing Director
Office: (212) 805-8352
Mobile: (917) 860-4519