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Stephen Applebaum Joins StoneRidge as Senior Advisor with Focus on Insurance Technology Market Segment



CHICAGO, IL -(May 12, 2014) - StoneRidge Advisors, LLC, a specialized investment banking firm focused exclusively on the insurance industry, today announced that Stephen Applebaum will join the firm as Senior Advisor.


"Stephen is a highly knowledgeable, experienced and well recognized subject matter expert in this industry whose career focus has been on insurance business process and supply chain transformation through the effective application of technology, innovation and strategic alliances. This expertise will make Stephen a valuable asset to our clients seeking to gain advantage and achieve their strategic goals and financial objectives in this rapidly changing and increasingly competitive market" said StoneRidge partner Jay Poorman.


"In addition, Stephen's active participation will enable us to further expand the expertise of our firm and M&A services in insurance technology".


Mr. Applebaum brings over twenty-five years of experience to StoneRidge. Most recently, he served as a senior analyst at Aite Group where he established the firm's Property & Casualty insurance practice. Prior to this role, Stephen was president of ClaimForce, a web-based insurance claims services platform, senior vice president of ADP Claims Services Group (now AudaExplore, a Solera company), senior vice president of corporate and business development at CCC Information Services and president and co-founder of CCC's Canadian operations. Stephen's early career included positions in public accounting, management consulting, venture capital and private equity in Toronto, Canada.


Based in Chicago, Mr. Applebaum will work with StoneRidge to expand the firm's participation and visibility in the insurance technology sector.


About StoneRidge Advisors


StoneRidge Advisors is an investment banking firm that specializes in the insurance industry. Our clients include property, casualty, life and health insurance companies, reinsurance companies, as well as insurance brokerage, managing general agency, claims management, and other related service companies. Our firm combines extensive experience and best practices to help our clients achieve their strategic goals and financial objectives.