FOR IMMEDIATE RELEASE
February 26th, 2021
NEW YORK, NY – Stonybrook Capital & Risk Management is pleased to recognize Albert (“Al”) Swanke, Jr., a managing director, for his key role in building the Firm’s capability in the insurtech fund placement business. For the last four years, Al has worked closely with IA Capital Group to raise its first dedicated insurtech fund which closed in March 2019 and is currently raising a second dedicated fund. IA Capital is the most experienced and longest tenured venture capital firm with a primary focus on insurtech. According to Willis Towers Watson’s 4th Quarter 2020 Industry Report, IA Capital was the world’s most active insurtech venture capital investor (excluding accelerators) in 2020.
Al has over fifty years of insurance industry experience, having served as a financial officer of CV Starr (AIG), Treasurer of INA, and Senior Vice-President of CIGNA, and subsequently as a venture capitalist, private equity manager, and investment banker to the industry. “I could not be any more pleased than to have Al on our team. His energy is limitless, his follow-up is thoughtful, and he is just a joy to be around and work with. Our fund placement business would not be where it is today if we did not have Al on the team,”, said Joe Scheerer, CEO of Stonybrook.
“I am honored to be part of the Stonybrook Team and to be working with IA Capital on the evolution of insurtech venture investing. Having a long tenure in the industry, I have seen firsthand and can appreciate the impact of technology on so many aspects of insurance. And we are only in the second inning of the game.”, said Albert.
Mr. Swanke received his Bachelor of Arts in Economics from Yale and his MBA from Columbia in Finance.
About Stonybrook Capital & Risk Management
Stonybrook Capital & Risk Management is an investment banking and reinsurance broking firm, with headquarters in New York City, and an office in London as well. The Firm focuses exclusively on the insurance and reinsurance industry.
Securities transactions are executed through Weild & Co., member FINRA | SIPC.