TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Qantas to Sell Jetstar Japan Stake as It Refocuses on Core Australian Operations 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Boeing Signals Progress on Delayed 777X Program With Planned April First Flight 
Elon Musk’s SpaceX Acquires xAI in Historic Deal Uniting Space and Artificial Intelligence 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
NEW YORK, June 08, 2017 -- Stonybrook Capital, an affiliate of FINRA-member Weild & Co., is an official member of the National Association of Mutual Insurance Companies (“NAMIC”).
“As NAMIC’s newest Market Member, Stonybrook Capital is a welcome addition to the association membership,” said Charles Chamness, President and Chief Executive Officer of NAMIC. “The company and its leadership bring a business focus that is consistent with, and brings added value to, the mutual insurance industry, and we look forward to their involvement in and support of the association in the years ahead.”
For more than 120 years NAMIC has been serving in the best interests of mutual insurance companies – large and small – across the United States as well as in Canada. NAMIC is the largest property/casualty insurance trade association with more than 1,400 member companies serving more than 170 million auto, home, and business policyholders.
“This membership further solidifies our role as “the” lead investment bank for this important sector of the insurance industry,” said Ravi Arps, founding member and Director of Stonybrook Capital.
“As a small specialist, we need to allocate resources very, very carefully. Given that we expect an incredible amount of corporate finance activity in the sector over the next several years, it is only appropriate for us to join NAMIC. We are focused on mutuals: we have had great success closing transactions in this space in conjunction with our equity partner, HOLBORN Corporation, that shares our strong focus on NAMIC member companies. It is only natural that our investment bank joins NAMIC,” said Joseph Scheerer, Principal and Managing Director of Stonybrook Capital. “We are looking forward to building a deeper and more focused relationship with this important sector,” Scheerer continued.
Stonybrook is a merchant and investment-banking firm located in New York City that focuses exclusively on the insurance and reinsurance industry. The Company’s shareholders include its employees, an accomplished reinsurance-industry executive, and HOLBORN Corporation, a reinsurance intermediary and advisory firm founded in 1920 that prides itself on its independence and exceptional client service.
Securities transactions are executed through Weild & Co., member FINRA | SIPC. For more information, visit our website: www.stonybrookcapital.com.
Corporate Contact: Joseph M. Scheerer [email protected]
