Stonybrook Capital hires worldwide CEO and group managing director

US-headquartered international funding banking and reinsurance broking agency Stonybrook Capital & Threat Administration has appointed London-based Darren Bailey as group managing director and worldwide chief govt.

In a launch, Stonybrook Capital founder and group CEO Joseph Scheerer mentioned: “I’ve at all times admired Darren’s tenacity to each triage alternatives and shut transactions. Intense development whereas defending the steadiness sheet has been a key theme of his profession, and the identical will apply to our plan for Stonybrook, and the shoppers we serve, internationally.”

The UK rent joins the agency from Roosevelt Highway Capital Companions the place he served as capital markets director. Spanning greater than 20 years of worldwide reinsurance and capital markets expertise, Bailey’s credentials embody time spent at R&Q Insurance coverage, Aon, and AIG. 

“I’m flattered by Darren’s dedication to affix our agency; the timing couldn’t be any higher as Stonybrook continues to construct its e book of enterprise within the UK and past,” Scheerer added. “Stonybrook is very excited in regards to the MGA market within the UK and Darren’s ambition to construct upon our FAL (Funds at Lloyd’s) efforts with our personal Chris Harman.”

For Bailey, his transfer to Stonybrook Capital is each well timed and opportunistic.

“Joe and the staff have constructed an thrilling and dynamic platform of skilled practitioners throughout the US, Bermuda, and Europe,” the brand new CEO of worldwide mentioned. “It’s subsequently an incredible alternative to share information and help Stonybrook’s spectrum of (re)insurance coverage and insurtech shoppers.

“With relentless consolidation within the advisory and broking sectors, Stonybrook will goal to face out from the competitors by addressing the capital and reinsurance challenges of its shoppers with bespoke options. Listening and responding with an brisk and progressive strategy will definitely be welcome on this often-challenging market the place many advisors are burdened with conflicts.”

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