|By Marketwired .||
|March 19, 2014 05:16 PM EDT||
NEW YORK, NY -- (Marketwired) -- 03/19/14 -- Stonybrook Capital, LLC was named advisor to TransRe in connection with an investment made by the "A" rated reinsurer. The analysis included valuation considerations.
"Stonybrook was instrumental in helping us evaluate our investment," said TransRe CEO, Mike Sapnar. TransRe is headquartered in New York with operations worldwide. The Company offers reinsurance capacity on both a treaty and facultative basis for a full range of property and casualty products.
"We are especially pleased to have been selected for this assignment by TransRe and greatly appreciate the opportunity to work with a widely recognized leader in the reinsurance industry," said Joseph Scheerer, Principal and Managing Director of Stonybrook Capital.
Stonybrook is a strategic advisory and investment-banking firm located in New York that specializes exclusively on the insurance and reinsurance industry. The Company advises clients on buy-and-sell-side mergers and acquisitions, restructuring, valuation, market finding and analysis of strategic alternatives, among others.