Stonybrook Capital taps JLT Re SVP to form risk management unit

Stonybrook Capital, a pre-eminent investment and merchant bank with a focus on the insurance sector, has formed a new risk management division, appointing Andrew Downing as its president.

In this role Downing will provide value-added services to  clients and prospects with an emphasis on the insurance carrier and managing general agent marketplace, captive services, insurtech, product development, alternative risk, and reinsurance and strategic advisory.

Downing has over 25 years of re/insurance experience and has held a number of positions at EW Blanch, Towers Perrin/Towers Watson and most recently JLT Re.

“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 excited to have Andrew as part of the team and know that our clients and prospects will appreciate the complimentary services that he can provide and the experience that he has in the sector,” said Joe Scheerer, principal and managing director of Stonybrook.