Insights
Keeping you up to date on industry trends so you maintain your competitive edge and provide timely, accurate coverages for your clients.
The Top 7 Construction Trends of 2021
In 2020, the pandemic changed how everyone did business, especially the construction industry. Looking at 2021, businesses will continue to evolve due to the COVID-19 fallout. In addition, the construction industry is also being impacted by the rise of new technology, as well as a rise in construction costs, labor shortages, and stricter regulations, all contributing to the industry’s major...
Cyber Liability continues to be a big issue for all industries
Clients are asking their agents for more information about this emerging coverage Any organization that either has a computer network, handles confidential information, or collects and transacts with personal identifiable information is at risk of a data breach. This exposure has the ability to pose a significant financial threat to any business...
Proper Coverage for Abuse and Molestation are Critical to a Social Service Agencies Welfare
While abuse claims and allegations are few in number for a social service agency, the cost in public reputation can be devastating. When you couple that with the cost to defend, plus any potential payment for a judgment, the client can be driven out of business by a single claim. Abuse claims can occur between an employee and consumer, or between...
Why False Pretense Coverage is Necessary for Garages
For car dealers across the country, something like garage insurance is already somewhat confusing and problematic. It’s an unusual sort of coverage that dealers need, but insurance agents need to be able to convey its importance. What’s more, insurance agents need to be stressing the importance of false pretense coverage, which helps to close the...
JenCap Holdings to Acquire Genesee General, a Specialty Insurance Business
JenCap Holdings LLC (JCH), a specialty insurance business, announced today that it has agreed to acquire privately-held Genesee General, a managing general agency, program administrator and wholesale insurance broker based in Alpharetta, Georgia.
JenCap Holdings Acquires Special Risks Facilities
July 12, 2017 JenCap Holdings LLC announced today that it has agreed to acquire privately held Special Risks Facilities, Inc., an MGA/contract binding authority and wholesale insurance brokerage firm based in Sterling Heights, Michigan with another office in Peoria, Arizona. Special Risks was formed in 1971 and has been led by Jack Klebba and...
JenCap Holdings Acquires NIF Group
December 9, 2016 JenCap Holdings LLC announced today that it has agreed to acquire privately held NIF Group, Inc. (NIF), a managing general agency, program administrator and wholesale insurance broker based in Manhasset, New York, with six offices located on the east and west coasts of the United Sates. NIF was formed by Michael Orlando in 1976...
JenCap Holdings Agrees to Acquire NIF Group in New York
INSURANCE JOURNAL December 8, 2016 JenCap Holdings LLC, a New York-headquartered consolidator of specialty insurance distribution and program management businesses, has agreed to acquire privately held NIF Group Inc. (NIF), a managed general agency, program administrator and wholesale insurance broker based in Manhasset, New York. NIF was formed...
JenCap Holdings Acquires Missouri-Based M.J. Kelly Co.
INSURANCE JOURNAL September 22, 2016 New York-based JenCap Holdings LLC has acquired privately held M. J. Kelly Co. (MJK), a managing general agency and wholesale insurance brokerage based in Springfield, Missouri, with offices in nine states throughout the Midwest and Southeast. Since 1986, MJK has been owned and operated by Jim Adams who was...
JenCap Holdings Acquires M.J. Kelly Company
September 19, 2016 JenCap Holdings LLC announced today that it has completed the acquisition of privately-held M. J. Kelly Company (MJK), a managing general agency and wholesale insurance brokerage based in Springfield, Missouri with offices in nine states throughout the Midwest and Southeast. Since 1986, MJK has been owned and operated by Jim...
JenCap Holdings Acquires Trivedi-Capacity in New Jersey
INSURANCE JOURNAL April 26, 2016 JenCap Holdings LLC, a portfolio company of private-equity giant Carlyle Group, has acquired Trivedi-Capacity Associates LLC, a specialist MGA and wholesaler based in Mahwah, New Jersey. Terms of the transaction were not disclosed. Trivedi-Capacity is a provider of specialty programs focused on commercial risks,...
JenCap Holdings Acquires Trivedi-Capacity Associates
April 21, 2016 NEW YORK, April 21, 2016 /PRNewswire/ -- JenCap Holdings, LLC, a consolidator of specialty insurance distribution and program management businesses, including managing general agencies, specialty program underwriters, transactional wholesale brokers and captive managers, has acquired specialist MGA and wholesaler Trivedi-Capacity...
Carlyle-backed JenCap Aims to Roll-up Small Binder/MGA Business
Wholesale consolidator JenCap will look to roll-up small binding authority, program and MGA business in the E&S space with significant backing from new majority owner The Carlyle Group.
Carlyle Group Acquires Wholesale Trading Co-Op in New York
INSURANCE JOURNAL April 5, 2016 Wholesale Trading Co-Op Insurance Services, a wholesale brokerage based in New York City, recently announced that its assets will be acquired by private-equity giant Carlyle Group. Terms of the transaction were not disclosed. Wholesale Trading Co-Op Insurance Services will be renamed Wholesale Trading Insurance...
Carlyle Brokers Deal to Form Insurance Platform
WALL STREET JOURNAL March 11, 2016 The Morning Leverage: Carlyle Brokers Deal to Form Insurance Platform Carlyle Group is acquiring a majority stake in insurance broker JenCap Holdings LLC and the assets of Wholesale Trading Co-Op Insurance Services. The Washington, D.C., firm said it would fund equity for the deal out of Carlyle Global Financial...
JenCap Holdings LLC to Acquire Assets of Wholesale Trading Co-Op Insurance Services
March 10, 2016 New York – Global alternative asset manager The Carlyle Group (Nasdaq: CG) today announced that it has agreed to acquire a majority stake in wholesale insurance broker JenCap Holdings, LLC and the assets of Wholesale Trading Co-Op Insurance Services, which will be re-named Wholesale Trading Insurance Services, LLC. Wholesale...