2 -MINUTE READ

Jencap Holdings Acquires Special Risks Facilities

Jul 12, 2017

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 Randy Kaszeta. Messrs. Klebba and Kaszeta have built one of the premier insurance distribution platforms in Michigan.

Jencap Holdings (JCH) was formed in March 2016 by The Carlyle Group (Nasdaq: CG) and JCH management to consolidate specialty insurance distribution businesses, including managing general agents, program managers and transactional wholesale brokers. The acquisition of Special Risks (SRF) is the fifth transaction by JCH and places the company amongst the largest wholesale brokers in the U.S.

John F. Jennings, President and Chief Executive Officer of JCH, commented that, “Jack Klebba and Randy Kaszeta have built a high quality business and we are excited that they have chosen Jencap to preserve Special Risks’ commitment to excellence and service to their clients. We are excited to have Special Risks join our growing distribution platform.”

Jack Klebba, President of SRF stated that “we wanted a partner that felt the same way about our commitment to clients, employees and carriers and we realized early on that Jencap was the right fit.” We are very enthusiastic about the Jencap transaction”, commented Randy Kaszeta, Executive Vice President of SRF. “Our thoughts on how to continue our growth matched up perfectly with the Jencap management model.”

About Jencap Holdings LLC
Jencap Holdings is a consolidator of specialty insurance distribution and program management businesses, including managing general agencies, specialty program underwriters, transactional wholesale brokers and captive managers. Jencap Holdings has assembled a management team with the sector insight and experience to drive organic growth and strategic acquisitions leveraging technology and advanced data analytics. Jencap Holdings is headquartered in New York. You can read more Jencap news here.

Kathryn Smith

Kathryn Smith

Jencap's Managing Director of Marketing, Kathryn Smith, has dedicated her entire career to the insurance industry. A diverse background equips Kathryn with a unique 360-degree perspective, having experienced the industry from all angles: agency, carrier, and wholesaler. She consistently produces award-winning marketing content and hosts the Jencap insurance podcast, "Flip the Cap."
acquisition

EXPLORE FURTHER

TRENDS & WHITE PAPERS

Jencap Cannabis Insurance Insights

Preparing for the Future of Cannabis Insurance

Despite the growing acceptance and legalization of cannabis, it remains federally illegal in the United States, creating unique challenges for the industry. Jencap explores three possible future scenarios for federal cannabis reform and their impact on cannabis insurance.

WHITE PAPER | Q2 2023 | 7 MINUTES

Navigating the New Frontiers
of Professional Lines Insurance

CASE STUDIES | Q1 2023 | 7 MINUTES

Your Guide to Cannabis Insurance

TRENDS | UPDATED Q2 2023 | 5 MINUTES

How Climate Change is Shifting the Insurance Industry

WHITE PAPER | Q3 2022 | 17 MINUTES

Garage Gurus: Garage Coverage Explained

TRENDS | Q2 2022 | 3 MINUTES

Riding The Waves of Change Insurance Industry Outlook

WHITE PAPER | Q1 2022 | 3 MINUTES

RECENT POSTS

INDUSTRY TOPICS

PUT JENCAP TO WORK FOR YOU

Jencap is one of the largest wholesalers in the United States and proud to offer top-in-class expertise in wholesale brokerage, binding authority, and exclusive program management. The specialized divisions and affiliate companies that make up Jencap provide niche expertise for all lines of coverage — from cannabis and construction to property and workers’ compensation, and everything in between. By partnering with our industry-leading brokers, you’ll gain the competitive edge your clients need to secure the best coverage at the best rates available in the marketplace. Experience the Jencap advantage today.

Stay Informed

Want to receive information from Jencap on timely marketplace trends, hot new product and program launches, and valuable product expertise that will set you up to win? Sign up below to receive email communications from Jencap.

Name(Required)
This field is for validation purposes and should be left unchanged.