Holborn takes equity stake in Stonybrook Capital

US reinsurance broker Holborn Corporation has acquired an ownership stake in Stonybrook Capital, an investment banking advisor serving insurance and reinsurance industry clients.

“Partnering with Stonybrook, we will help our clients benefit from merger, acquisition, and restructuring opportunities, and extend our advice to the debt and equity side of the equation,” said Holborn chief executive Frank Harrison.

“It gives us the means to deliver an even more comprehensive perspective to clients regarding their business strategies.”

Joseph Scheerer, managing director of Stonybrook Capital, added: “Our relationship with Holborn provides a new dimension of service for Stonybrook clients who will have access to Holborn’s network of industry professionals, analytics and industry expertise. We are proud to be working with them.”