Joseph Scheerer

Joseph Scheerer General Information

Biography

Mr. Joseph Scheerer is the Founder and serves as Principal & Chief Executive Officer at Stonybrook Capital. He serves as an Advisory Partner at IA Capital Group. He founded Stonybrook Capital in 2012 to build on over 20 years of experience, relationships, and technical skills in insurance, reinsurance, and investment banking and capital markets, on Wall Street. That same year, he sold minority ownership in the Firm to HOLBORN Corporation, a reinsurance intermediary that was founded in 1920 and is the fifth largest in the country today. In 2016, he sold an additional minority stake in Stonybrook Capital to a renowned reinsurance executive who has founded, built, and successfully exited, some insurance businesses over his career. Before founding Stonybrook Capital, he spent time at Willis Capital Markets & Advisory and previously was an investment banker at Benfield Advisory Group. At Willis, he started and led practices within the group focused on the programs, crop and accident, and health sectors. Before joining the world of specialist advisors attached to large reinsurance brokerage firms, he worked for traditional Wall Street firms such as Oppenheimer & Co and Furman Selz. Mr. Scheerer is also an active investor in the sector and is a frequent speaker on the state of the insurance and reinsurance industries. Since, 2014, Mr. Scheerer has sat on the board of Atlantic American Corporation (NASDAQ "AAME") which is a publicly traded holding company of various insurance industry companies. He serves on the Audit Committee and the Compensation Committee of AAME, serves as an "Independent Director" of the Board, and is designated as an "audit committee financial expert" for purposes of the Securities Act of 1933. Mr. Scheerer has also attended the NYSE Board Governance School. Finally, Mr. Scheerer is the chairman of the investment and advisory committee of the Inter-Atlantic Stonybrook Insurance Technology fund.