New York-based reinsurance broker Holborn Corp. has acquired an ownership stake in Stonybrook Capital LLC, an investment banking advisor for the insurance and reinsurance industries.
Holborn Chief Executive Officer Frank T. Harrison said the deal will help his firm’s clients benefit from merger, acquisition and restructuring opportunities, and will extend Holborn’s consulting to the debt and equity side.
“It gives us the means to deliver an even more comprehensive perspective to clients regarding their business strategies,” he said.
Joseph Scheerer, principal and managing director of Stonybrook Capital, said the new relationship means Stonybrook clients will have access to Holborn’s network of industry professionals and analytics.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Georgia Brokers and Agents Alarmed After Court Ruling Expands Liability for Them 
Insurance Platform Corgi Valued at $2.6B in Funding Round 
After Complaint, GEICO Agrees to Modify Cancellation Process That Uses AI 
Florida’s Property Tax Plan Risks Charging Fees for ‘Everything’ 
