Stonybrook advises Anchor in the sale of its specialty business

Stonybrook Capital is serving as exclusive strategic and financial advisor to Anchor Insurance Holdings (AIH) in its sale of Anchor Specialty Insurance Company (ASIC) to Weston Insurance Holdings.

Thomas Deane, partner of Stonybrook Capital, said: “The property catastrophe insurance market is an important focus of our firm and it is rewarding to see our expertise in the sector find a solution to a complex situation.”

AIH was the holding company for both ASIC and Anchor Property and Casualty Insurance, which sold homeowners insurance in Florida.