Stonybrook names President of newly formed Risk Management division

Stonybrook Capital, an insurance sector focused merchant and investment-banking firm, has launched a new division called Stonybrook Risk Management, and named Andrew Downing as its President.

As President of the newly formed unit, Downing will provide value-added services to the company’s clients and prospects, with a focus on the insurance carrier and managing general agent (MGA) marketplace, InsurTech, product development, alternative risk, captive services, and also reinsurance and strategic advisory.

Joe Scheerer, Principal and Managing Director, commented; “As a firm that focuses on the insurance industry, we are acutely aware how important it is to be able to provide services beyond the traditional investment banking scope.

“We are…