For Immediate Release
September 6, 2024
Stonybrook Capital Advises Conifer Holdings on its Asset Sale to Bishop Street Underwriters
NEW YORK, NY – Stonybrook Capital & Risk Management (“Stonybrook”) is pleased to announce that Michigan-based Conifer Insurance Services, Inc (“Conifer”), a specialty insurance MGA, has been acquired by Bishop Street Underwriters, a multi-boutique MGA insurance platform, from Conifer Holdings (“CNFR”). The acquisition will allow Bishop Street Underwriters, to expand its insurance offerings in new lines of business and in new states.
Stonybrook Capital, LLC served as the Conifer Holdings’ Exclusive Financial Advisor in connection with the sale.
Nicholas Petcoff, Chief Executive Officer of Conifer Insurance Services, commented:
“I am incredibly proud of the dedicated work our Conifer team has put into building a strong and innovative platform over the years. Today’s announcement marks a significant milestone for us and opens the door to exciting new opportunities. With Bishop Street Underwriters’ proven expertise and commitment to excellence, I am confident that our team will continue to make a substantial impact in the insurance industry.”
Paul Kneuer, Managing Director of Stonybrook Capital, commented:
“It was a pleasure working with the Conifer Team and we wish them success in their next stage of growth alongside Bishop Street Underwriters.”
Please see a case study of the transaction here
About Stonybrook Capital & Risk Management
Stonybrook is a global investment banking and reinsurance broking firm, headquartered in New York City, that focuses exclusively on the insurance and reinsurance industry. The Firm was founded in 2012 and was ranked #2 behind Goldman Sachs in the S&P advisory league tables for 2022.
Corporate contact:
Kendel Bell
[email protected]
Securities transactions are executed through Weild & Co., member FINRA | SIPC