Stonybrook names Adam Fox CEO of international arm
The reinsurance broker and investment bank adds a 25-year veteran to lead its UK, Bermuda and Lloyd's business while competitors trim.
Stonybrook has made Adam Fox chief executive of its international arm, a London-based role covering the UK, Bermuda and the Lloyd's marketplace. The hire comes as much of Wall Street and reinsurance broking contracts, and Joseph Scheerer, the firm's founder, presents it as a deliberate counter-move: while rivals cut, Stonybrook keeps hiring to serve its niche.
Fox's 25-year career spans reinsurance, capital markets and insurance. He held senior roles at Lehman Brothers and Guy Carpenter, co-founded Envelop Risk, and most recently advised at Alvarez & Marsal. His remit, as announced by Reinsurance News, is to expand Stonybrook's international platform and support its US business, especially trading relationships with Lloyd's.
The appointment fits the 2026 plan Scheerer has described as "a year of exponential growth," with work across the firm's capital markets, alternatives and reinsurance broking units. Fox's own statement leans on Stonybrook's "conflict-free approach" and entrepreneurial culture — an appeal aimed at the same insurance-linked capital market PWD covered yesterday, when Aon launched its $200m Sidecar X and insurance-linked capital pushed into M&A risk.
Whether Fox can convert Stonybrook's cross-Atlantic ambitions into signed deals is the open question. Pricing and capacity trends are tightening competition in the broking niche, and his mandate now spans two continents.
The Wrap