Stonybrook Capital Advises UFG on its $70 million Senior Unsecured Note Offering

NEW YORK, NY – Stonybrook Capital & Risk Management (“Stonybrook”) is pleased to announce that Iowa-based United Fire Group, Inc (the “Company” or “UFG”) (NASDAQ: UFCS), a property and casualty insurance carrier has completed a placement of $70 million aggregate principal senior unsecured 9.0% notes due May 31, 2039 in a private offering with Ares […]

Stonybrook adds former Pharmacists Mutual CEO Yorty as strategic advisor

Boutique insurance advisory firm Stonybrook Capital and Risk Management has added former Pharmacists Mutual Insurance Group president and CEO Ed Yorty as a strategic advisor. Yorty has spent the last two and a half decades in senior positions at mutual insurers, with stints at Medical Mutual Liability Insurance Society and Oregon Mutual Insurance Group before […]

Innovations in Workers’ Compensation

Dear Friends and Colleagues,  Stonybrook Capital is a strong supporter of financing innovative developments across the insurance industry. Our firm recently completed a study discussing how new technology is improving outcomes and performance for Workers Comp insurers, employers, and employees. The study introduces new wearable safety devices, deep analytics to better manage risky, and costly claims, […]

Year End 2023 Review

Friends and colleagues, We are pleased to present our annual review of P&C insurance market results and performance, and our outlook for next year. Major themes at year-end 2023 include:· A year with $100B of large losses globally was not a significant stress event. Cats of $1B and above are less than 5% on the industry’s loss ratio. Reinsurers […]

Greek MGA Nos hires Stonybrook Capital to roadshow European expansion plan

Privately owned Greek motor MGA Nos Insurance Services has hired New York-based investment bank Stonybrook Capital to raise up to $30mn to finance an ambitious European growth plan, The Insurer can reveal. Nos co-founder Alex Liagkas is currently roadshowing the company’s plans to prospective investors in New York and is in London next week, according to sources […]

Insural Insurance Solutions Acquisition of WRC Agency, Inc.2

On November 1, 2023, WRC Agency Inc., a wholly-owned subsidiary of Wisconsin Reinsurance Corporation, closed on the sale of its book of business to Insural Insurance Solutions, Inc., a subsidiary of Farmers Union Service Association, LTD. Based in North Dakota, Insural Insurance Solutions, a wholly owned subsidiary of Farmers Union Service Association, LTD., provides insurance brokerage […]

Stonybrook’s CEO to speak at “2023 Insurance Insight Conference”

NEW YORK, NY Stonybrook Capital & Risk Management is proud to announce that Joe Scheerer, CEO, and Adam Clay, SVP, have been invited to speak at the upcoming Forvis Insurance Insights conference. The event will be held at the W Hotel Nashville on September 27-29, 2023. The Forvis Insurance conference is a gathering of executives […]

DryStone Capital Corporation completes a Senior Secured Credit

New York, NY – Stonybrook Capital is pleased to announce the completion of a Senior Secured Credit Facility for DryStone Capital Corporation. The facility allows DryStone to further expand profitable specialty P&C programs with quality MGAs.  DryStone Capital Corporation is a specialized (re)insurance platform that insures specialty MGAs and applies its proprietary model to reduce […]

Stonybrook Capital Advises Sherpa on its Merger with MyHealthMath

Friends & Colleagues,  Stonybrook is proud to announce its role as Exclusive Financial Advisor supporting Sherpa through a business combination with MyHealthMath in the form of a new entity called HYKE. Together, the two companies offer a truly global insurance decision-support platform providing consumers with help facing complex choices across medical, life and P&C insurance.  Please […]

Whitepaper on Insuretech

NEW YORK, NY — To our friends and colleagues, We are pleased to share Stonybrook’s update on investments in the Insuretech arena. Issues with the broader tech industry, notably higher interest rates and their impact on the value of all growth companies, had held the sector back. But there is a rising case for optimism, especially for […]

Whitepaper on P&C global growth

NEW YORK, NY — To our friends and colleagues, Many insurers consider geographic expansion to improve both their scale and diversification. Growing globally does bring challenges. This Stonybrook whitepaper reviews some of these constraints. We identify several geographies with both strong local market growth rates and reasonable access for non-local players. Please click here to view the article. We hope that this analysis is helpful. As always, […]

In a joint interview with The Insurer TV, Stonybrook Capital’s Joe Scheerer and Adam Clay explain the current state of the insurtech funding market

Greetings, Stonybrook Capital CEO Joe Scheerer and SVP Adam Clay share their thoughts on investor sentiment across the insurtech space, including the impact stemming from the recent banking crisis and anticipated funding levels for 2023 and beyond. Click here to see the full 11-minute interview.  Corporate contact:Kendel BellTel: +1 (917) [email protected]