January 23, 2025

Stonybrook Capital Advises Frontier Risk Group on its Equity Capital Raise 

NEW YORK, NY – Stonybrook Capital & Risk Management (“Stonybrook”) is pleased to announce that Connecticut-based Frontier Risk Group, Inc (the “Company” or “FRG”), a specialty insurance brokerage & MGA, has secured its first institutional equity capital raise. Proceeds from the Offering will be used to support anticipated growth and for general corporate purposes. 

Stonybrook Capital, LLC served as the Company’s Financial Advisor in connection with the issuance.
James Whitcomb, CEO, FRG, commented: 

We are excited to announce the successful completion of our capital raise, which enhances our brokerage growth and advances our transition into a full-stack retailer and capacity provider. This milestone enables us to offer the cannabis supply chain a one-stop insurance solution with underwriting tailored to highly regulated industries. We also extend our gratitude to Stonybrook Capital for their valuable support in achieving this success.”

Adam Clay, Partner, Stonybrook, commented:

“We are pleased to announce the successful closing of this transaction, working alongside the talented team at FRG. Specialty startups with expertise in managing complex risks, such as those in the cannabis sector, are uniquely positioned to benefit from the current market conditions. We look forward to supporting the team on future projects.” 

Please see a case study of the transaction here

About Frontier Risk Group 
Frontier Risk is building the first technology-enabled insurance ecosystem to better service cannabis risk. Through its advanced technology platform that feeds risk data to all stakeholders, the Company’s mission is to bring to market insurance solutions backed by tech and data that improve access, pricing and risk capacity across the cannabis insurance ecosystem.

About Stonybrook Capital & Risk Management 
Stonybrook Capital is a global investment banking and reinsurance broking firm, headquartered in New York City, that focuses exclusively on the insurance and reinsurance industry. Founded in 2012, Stonybrook 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