US-headquartered global investment banking and reinsurance broking firm Stonybrook Capital & Risk Management has appointed London-based Darren Bailey as group managing director and international chief executive.
In a release, Stonybrook Capital founder and group CEO Joseph Scheerer said: “I have always admired Darren’s tenacity to both triage opportunities and close transactions. Intense growth while protecting the balance sheet has been a key theme of his career, and the same will apply to our plan for Stonybrook, and the clients we serve, internationally.”
The UK hire joins the firm from Roosevelt Road Capital Partners where he served as capital markets director. Spanning more than two decades of global reinsurance and capital markets experience, Bailey’s credentials include time spent at R&Q Insurance, Aon, and AIG.
“I am flattered by Darren’s commitment to join our firm; the timing could not be any better as Stonybrook continues to build its book of business in the UK and beyond,” Scheerer added. “Stonybrook is especially excited about the MGA market in the UK and Darren’s ambition to build upon our FAL (Funds at Lloyd’s) efforts with our own Chris Harman.”
For Bailey, his move to Stonybrook Capital is both timely and opportunistic.
“Joe and the team have built an exciting and dynamic platform of experienced practitioners across the US, Bermuda, and Europe,” the new CEO of international said. “It is therefore a great opportunity to share knowledge and assist Stonybrook’s spectrum of (re)insurance and insurtech clients.
“With relentless consolidation in the advisory and broking sectors, Stonybrook will aim to stand out from the competition by addressing the capital and reinsurance challenges of its clients with bespoke solutions. Listening and responding with an energetic and innovative approach will certainly be welcome in this often-challenging marketplace where many advisors are burdened with conflicts.”
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