NEW YORK, NY – Stonybrook Capital & Risk Management (“Stonybrook”) is pleased to announce the launch of a new New York Contractors General Liability program for NEC Specialty, Inc (the “Company” or “NEC”), in which they have secured its program agreement with Clear Blue Insurance Company.
Stonybrook served as the Company’s Exclusive Broker in connection with the transaction.
Robert Mangi, CEO, NEC, commented:
“Working with Stonybrook has been a pleasure. Whether its reinsurance broking, negotiating a program administrator contract, or raising capital for my business – Stonybrook was there with thoughtful and bespoke solutions all effected via fantastic and current C-suite relationships.”
Jessica James, Chief Business Development Officer, Clear Blue Insurance Company, commented:
“NEC Specialty and Stonybrook Risk Management approached this initiative with clarity and purpose, making it a highly collaborative and effective process. Their professionalism and market insight helped bring the program to life, and we’re proud to support NEC’s continued growth in the New York contractor space.”
Paul Dzielinski, Partner, Stonybrook, commented:
“Starting a new General Liability insurance program for New York can be a challenge. The team at Clear Blue, and the support of reinsurers made for a smooth process from conception to launch. Stonybrook is appreciative of Rob’s confidence and support of our efforts to reach a successful conclusion.”
Please see a case study of the transaction here
About NEC Specialty
NEC Specialty (“NEC”), founded in 2018 and based in Garden City, NY, is a Managing General Agency serving the artisan contractor and general contractor markets with cutting edge products and services for New York Contractors.
About Clear Blue Insurance Company
Founded in 2015 Clear Blue Insurance Group is a leading US Fronting Carrier group headquartered in Charlotte, North Carolina, with all four of its carriers domiciled in Texas and ability to write in all 50 states.
About Stonybrook Capital & Risk Management
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. 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