NEW YORK, June 05, 2020 (GLOBE NEWSWIRE) -- Stonybrook Capital is pleased to announce our role as exclusive strategic and financial advisor to Anchor Insurance Holdings, Inc.  on their sale of Anchor Specialty Insurance Company to Weston Insurance Holdings Corporation.

AIH was the holding company for both ASIC and Anchor Property and Casualty Insurance company (“APCIC”). ASIC was AIH’s Texas and Louisiana homeowners’ platform, while APCIC previously sold homeowners insurance in the state of Florida. In 2014, AIH purchased Ranchers and Farmers Insurance Co., which was subsequently transformed into ASIC.

“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,” said Thomas Deane, Partner of Stonybrook Capital.

Mr. Deane continued, “this transaction further demonstrates our ability to optimize solutions for all constituents across the property catastrophe insurance space.”

Stonybrook Capital served as the exclusive financial advisor to Anchor Insurance Holdings, Inc. on this transaction.

“Anchor is very pleased to complete the transaction with Stonybrook’s assistance,” said Daniel Bowman, Director of Anchor Insurance Holdings, Inc.