For over twenty years, Mystic Capital has been chosen repeatedly by numerous client CEOs and Board of Directors of some of the largest, most prominent insurance companies in the world to guide their organizations through transformational situations. From merger and acquisition (M&A) strategy to financing, everything we do is done through the lens of increasing the value of our client. As a group with over a thousand successful transactions, global reach, and extensive networks of professionals worldwide, Mystic is uniquely positioned to help leaders navigate today’s complex and evolving business environment. We are committed to providing our clients with mission-critical strategic and financial advice at every step of an engagement.
With offices in NYC, London, Miami, Denver, and Charlotte – A single engagement may have participants from any or all of these locations or others depending on the client’s business and strategic objectives. We believe that meaningful relationships are critical to continued success. Part of what makes Mystic Capital unique is our ability to seamlessly integrate with all entities of your organization and across the entire insurance market landscape, establishing a global perspective on your business – delivered in an efficient, accessible manner. Our experienced professionals work together as a team to deliver comprehensive solutions for our clients through pragmatic processes that are tailored to meet their specific needs.
Trust, transparency and integrity are the pillars that Mystic Capital Advisors Group was founded on and guide the way we conduct business and serve our clients. At the core of every decision we make is our ethical duty to act in the best interest of our client. Every client engagement will begin with a documented discussion of the critical issues facing your organization together with clear goals for success and what it will take to achieve them. We proceed from there with an inclusive assessment of potential solutions designed as a collaborative effort between you, us, and your board members if such involvement is felt necessary. We believe our collective experience enables us to provide unrivaled investment banking services to the insurance industry.
Kevin P. Donoghue - Managing Director
CFA, CPA, CIC
Kevin has spent over 30 years in various merger, acquisition, and financial consulting roles. Prior to co-founding Mystic Capital, Kevin’s background included starting and developing BMG Capital Advisors Group, LLC (a subsidiary of The Hartford Financial Services Group, Inc.), and four years with KPMG Peat Marwick. He has an MBA from Boston College, a B.S. in Accountancy from Bentley College. Kevin has earned the Chartered Financial Analyst (CFA) designation, a Certified Public Accountant (CPA), and a Certified Insurance Counselor (CIC). He is a member of the following: New York Society of Security Analysts (NYSSA), CFA Institute, American Institute of Certified Public Accountants (AICPA), Society of Certified Insurance Counselors, and National Center for Employee Ownership (NCEO). Kevin is a registered representative of Mystic Capital Markets Group, LLC as a General Securities Principal (Series 24), Corporate Securities Limited Representative (Series 62), General Securities Representative (Series 63), and a Limited Representative – Investment Banking (Series 79).
Kevin W. Smith - Director
Kevin has spent over twenty years in various merger, acquisition and financial consulting roles. Prior to co-founding Mystic Capital, Kevin spent a year and a half as Vice President in charge of the Southeast Region for BMG. Kevin also spent six years in public accounting and was a Manager with Ernst & Young where he was a member of the assurance practice, specializing in insurance, and the Entrepreneurial Services Practice. Kevin has a B.S. in Accountancy from Clemson University and is a CPA.
Andrew Bathurst - Director, Mystic Capital Advisors Limited
Andrew has over 35 years of London insurance experience. He is a Director of Mystic’s London based subsidiary, Mystic Capital Advisors Limited. He previously served as CEO of Argenta Syndicate Management Ltd, a former director of Benfield Ellinger, managing director of BankAssure, served for 10 years as Chairman of the Insurance Institute Marine Committee and active underwriter of Lloyd’s Syndicate 697. He is currently a Director of PWS Gulf Dubai and is Vice President of Insurance Institute London.
Robin Frost - Vice President
Robin has spent over 30 years in various insurance-related finance and accounting roles. Robin rejoined Mystic Capital in 2017 having also previously worked with the firm from 2007 to 2011. In between these two positions he was a Director at TIAA where he served as Chief Financial Officer of TIAA Charitable in Charlotte, North Carolina. Prior to joining Mystic in 2007, he was the Chief Financial Officer of RSA Group’s Latin America regional office in Charlotte, North Carolina. Robin’s work experience includes over fifteen years with RSA, four years with TIAA, and over three years with Price Waterhouse. Robin has a B.S. in Mathematics from the University of Warwick. He has earned the Chartered Accountant (ACA) designation and is a member of the Institute of Chartered Accountants of England &Wales.
Lorna L. Gunnersen - Director
CPA, CVA, CPCU, CIC, CRM
Lorna has been involved in mergers and acquisitions for over 20 years. Prior to co-founding Mystic Capital, Lorna spent two and a half years as Vice President in charge of the Western Region for BMG Capital Advisors Group, LLC. Lorna also spent six years in public accounting and was an Assurance Manager in the Insurance Practice at Deloitte & Touche. She is considered one of the premier due diligence resources in the industry. Lorna has a B.S. in Business Administration from Colorado State University, is a Certified Public Accountant (CPA), Certified Valuation Analyst (CVA), Chartered Property Casualty Underwriter (CPCU), a Certified Insurance Counselor (CIC), and a Certified Risk Manager (CRM). Lorna is a member of the American Institute of Certified Public Accountants (AICPA), the Colorado Society of Certified Public Accountants (COCPA), the National Association of Certified Valuation Analysts (NACVA), the CPCU Society, and the Society of Certified Insurance Counselors.
Christopher Topczewski - Vice President
Chris has over a decade’s worth of capital markets and advisory experience, including positions at Banco Santander, Goldman Sachs, and State Street. At Mystic, he focuses on retail, specialty, wholesale, and cross-border insurance advisory clients. Chris holds a B.S. in Finance and Economics from Seton Hall University.
Mathew K. Klossner - Director
Has been active in the insurance industry Mergers & Acquisitions for twenty years, having advised on hundreds of transactions over that time. He leads Mystic’s National Middle Market Practice which focuses on Managing General Agents and Underwriters, Program Administrators, Wholesalers, and Specialty Brokerage operations. He is the Chief Operating Officer and a registered representative of Mystic Capital Markets Group, LLC as a General Securities Principal (Series 24), General Securities Representative (Series 63), and Limited Representative – Investment Banking (Series 79). He is a Director in Mystic’s London-based subsidiary, Mystic Capital Advisors Limited. Prior to Mystic Capital, he was an analyst at Merrill Lynch. He has a BS in Economics from Syracuse University and an MBA from Columbia Business School in New York City.
Alex Derenzo - Senior Consultant
Alex joined Mystic Capital in 2016 as a Senior Consultant. Alex primarily assists with merger & acquisition advisory services with a focus on due diligence. His background includes two years of experience in public accounting at Grant Thornton LLP’s Business Advisory Services group and Hein & Associates’ Business Advisory Services group in Denver, Colorado. Alex is a CPA and earned a Masters of Accountancy, Masters of Business Administration, and B.S. in Business Administration from the University of Denver.