Business, Free News Articles, Insurance

JenCap Holdings LLC to Acquire Aran Insurance Services Group, a Specialty Insurance Business

NEW YORK, N.Y. -- JenCap Holdings (JenCap), a specialty insurance business, announced today that it has agreed to acquire privately-held Aran Insurance Services Group (Aran), a specialty program administrator with offices in Arizona, Colorado, Massachusetts and New York. Founded in 2009, Aran has been led by Tim Kenny and John LaCava who have built one of the leading program administration insurance platforms in the country.

JenCap Holdings (JenCap) was formed in March 2016 by The Carlyle Group (Nasdaq: CG) and JenCap management to consolidate specialty insurance distribution businesses, including managing general agents, program managers and transactional wholesale brokers. The acquisition of Aran is the ninth transaction by JenCap since its founding, and places the company among the largest specialty insurance distribution platforms in the U.S.

"The Aran team has built a multi-faceted company with a wide variety of property and casualty programs for specialty markets as well as a strong presence in the accident and health market," said John F. Jennings, President and Chief Executive Officer of JenCap. "We are excited to help in the expansion of Aran and its subsidiary companies within JenCap."

Aran Insurance Services Group Co-Founder and Chairman, Tim Kenny stated, "Aran has a long-standing commitment to our clients, carriers, and team members, and we specifically sought out a strategic partner that shared this focus. JenCap fulfills this goal, and we are very excited about our partnership."

"Aran's strategic partnership with JenCap creates a number of opportunities for growth and development," commented John LaCava, Aran Insurance Services Group Co-Founder, President and CEO. "We look forward to expanding our programs, markets, and capabilities through JenCap's established network of carriers and agency partners."

About JenCap Holdings:

JenCap Holdings is a premier national specialty insurance distribution platform that includes managing general agencies, specialty program administrators, and transactional wholesale brokers. JenCap 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 is headquartered in New York. For more information on JenCap, visit: http://jencapholdings.com/.

About Aran Insurance Services Group:

Aran Insurance Services Group is a multi-faceted company offering diversified insurance and financial services to the United States and Canadian markets. Aran specializes in both developing and acquiring insurance underwriting facilities offering specialty insurance products and services to the property casualty and accident health markets. For more information on Aran, visit: https://www.araninsurance.com/.

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Tickers: NASDAQ:CG / NQ: CG

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Business, Free News Articles, Insurance

Mark Maher and David Nielsen Assume Leadership Roles at JenCap Holdings LLC

NEW YORK, N.Y. -- JenCap Holdings LLC (JCH), a specialty insurance business, announced that Mark P. Maher has been promoted to Chief Operating Officer and that David Nielsen had recently joined the firm as Corporate Chief Financial Officer.

In his new role, Maher will work with the JenCap management team in developing strategic plans, managing carrier and key broker relationships, and will work with divisional business leaders to achieve an effective cross sale protocol while maintaining a high service level throughout the organization.

Most recently Maher was President of JenCap's NIF Group, a managing general agency, program manager and wholesale insurance brokerage based in New York with offices in the Northeast and West. He has been with NIF for 30 years.

Dave Nielsen has joined JCH as Corporate Chief Financial Officer and brings the firm a unique mix of operating and financial experience, operational and financial integration knowledge, and significant private equity experience.

Nielsen has spent his entire 30+ year career in the Financial Services Industry, serving as a Chief Operating Officer in Wells Fargo's wholesale business, and more recently, as Chief Financial Officer of CommunityOne Bancorp. Dave graduated with a BS in Accounting from the University of Virginia and an MBA in Finance from Darden.

John F. Jennings, President and Chief Executive Officer of JCH commented, "I am excited to have both Mark and Dave on the senior JenCap team. They bring added strength, expertise and leadership capabilities that will be essential as we continue to transform and grow our company."

About JenCap Holdings, LLC:

JenCap Holdings is a premier national specialty insurance distribution platform that includes program management businesses, managing general agencies, specialty program underwriters and transactional wholesale brokers. 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.

For more information on JenCap, visit: http://jencapholdings.com/

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Business, Free News Articles, Insurance

Brian Barrilleaux Joins JenCap Holdings’ M.J. Kelly Company

SPRINGFIELD, Mo. -- JenCap Holdings LLC (JCH), a specialty insurance business, announced today that Brian Barrilleaux has joined its M.J. Kelly (MJK) division as President. MJK is a managing general agency and wholesale insurance brokerage based in Springfield, Missouri with offices in nine states throughout the Midwest and Southeast.

Barrilleaux will be responsible for the day to day operations and executing the growth plans for the company. He has 30 years of insurance industry experience, with extensive time spent in both the wholesale distribution space as well as underwriting. He joins MJK from CNA Insurance where he was the Commercial Lines Manager in the Little Rock branch. Prior to CNA he ran the Workers Compensation Division of Market Scout and was also the Branch Manager/Sales Leader of Swett and Crawford's, Little Rock office.

Barrilleaux will report to Roger Ware, the President of JenCap's Genesee General division, who will be expanding his role as the leader of both Genesee General and MJK. Ware stated, "We are pleased to have found someone with Brian's insurance experience and history as a leader."

Barrilleaux remarked, "MJK has built a strong reputation on delivering innovative and specialized competitive products for retail agents for over 30 years. I am excited about this incredible opportunity to take over the leadership role and to work alongside the committed employees of the company. I also look forward to continuing to work with agency partners throughout the Midwest and Southeast."

"MJK and Genesee General have strong footprints and top-notch talent in the southeast and bringing these two entities closer together will make us a stronger company for our retail clients as well as our carrier partners," commented John F. Jennings, President and Chief Executive Officer of JCH.

Barrilleaux will be located in MJK's Little Rock office.

About JenCap Holdings LLC:

JenCap Holdings is a premier national specialty insurance distribution platform that includes program management businesses, managing general agencies, specialty program underwriters and transactional wholesale brokers. 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.

For more information on JenCap, visit: http://jencapholdings.com/

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Business, Free News Articles, Insurance

JenCap Holdings LLC to Acquire Risk Innovations, a Specialty Insurance Business

ATLANTA, Ga. -- JenCap Holdings LLC (JCH), a specialty insurance business, announced today that it has agreed to acquire privately-held Risk Innovations LLC, a specialty wholesale insurance broker based in Atlanta, Georgia. Financial terms were not disclosed.

"Risk Innovations has specialized in worker's compensation since its inception and was a strategic target for JenCap," commented John F. Jennings, President and Chief Executive Officer of JCH. "Bruce Peddle and his team have built one of the few highly successful wholesale distribution platforms for worker's compensation and we are excited to help them expand that operation within JenCap."

Risk Innovations was founded in 2002 and has been led by Bruce Peddle since then.

JenCap Holdings (JCH) was formed in March 2016 by global alternative asset manager The Carlyle Group and JCH management to consolidate specialty insurance distribution businesses, including managing general agents, program managers and transactional wholesale brokers. The acquisition of Risk Innovations is the eighth transaction by JCH since its founding, and places the company among the largest wholesale brokers in the U.S.

Bruce Peddle, President of Risk Innovations stated, "We are very excited about the opportunities that the strategic partnership with JenCap will provide. By utilizing established JenCap divisions, carriers and agency partners, Risk Innovations will further expand our programs, markets and capabilities nationwide."

Marsh, Berry & Company, Inc. served as financial advisors to Risk Innovations.

About JenCap Holdings LLC:

JenCap Holdings is a premier national specialty insurance distribution platform that includes program management businesses, managing general agencies, specialty program underwriters and transactional wholesale brokers. 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.

About Risk Innovations, LLC:
Risk Innovations is a specialty wholesale insurance broker based in Atlanta, Georgia with another office located in Kansas City, Mo. Risk Innovations was founded in 2002 and is one of the premier worker's compensation insurance distribution platforms in the country.

For more information on JenCap, visit: http://jencapholdings.com/

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Business, Free News Articles, Insurance

JenCap Holdings LLC to Acquire Genesee General, a Specialty Insurance Business

ALPHARETTA, Ga. -- 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. The transaction is expected to close in January 2018. Financial terms were not disclosed.

"Genesee President Roger Ware has created a leading organization within our industry and we expect it to become a strategic part for our organization as we build a best-in-class distribution platform," said John F. Jennings, President and Chief Executive Officer of JCH. "Genesee and JenCap share a commitment to product development and superb client service."

Genesee General was founded in 1982 and has been led by Roger Ware since 1998.

JenCap Holdings (JCH) was formed in March 2016 by global alternative asset manager The Carlyle Group and JCH management to consolidate specialty insurance distribution businesses, including managing general agents, program managers and transactional wholesale brokers. The acquisition of Genesee General is the seventh transaction by JCH since its founding, and places the company among the largest wholesale brokers in the U.S.

Roger Ware, President of Genesee, said, "We wanted a partner who 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 partnership."

About JenCap Holdings Inc.:
JenCap Holdings is a premier national specialty insurance distribution platform that includes program management businesses, managing general agencies, specialty program underwriters and transactional wholesale brokers. 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.

About Genesee General:
Founded in 1982, Genesee General is a full-service managing general agency and wholesale broker that specializes in commercial insurance products for the excess and surplus lines industry as well as servicing the catastrophe and program business markets.

For more information on JenCap, visit: http://jencapholdings.com/

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Business, Free News Articles, Insurance

JenCap Holdings Acquires Special Risks Facilities

NEW YORK, N.Y. -- 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.

MEDIA CONTACT:
Les Ross
JenCap Holdings
415-442-8502
lross@jencapholdings.com

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Business, Free News Articles, Insurance

JenCap Acquires NIF Group

NEW YORK, N.Y. -- 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 and has grown to over $185 million in annual written premiums. Mr. Orlando, along with a management team led by NIF President Mark Maher, has built one of the largest specialty insurance distribution platforms in the country.

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

"NIF was a target for JenCap from day one and we are happy to be partnering with one of the most successful independent MGA/specialty brokerage businesses in the country," commented John F. Jennings, President and Chief Executive Officer of JCH. "Michael Orlando and Mark Maher, as well as Michael P. Orlando, John Buckley, and David Vicari have built a tremendous business and we are thrilled that they have chosen JenCap to perpetuate NIF's commitment to excellence and service to their clients."

Michael Orlando 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," stated Mark Maher, President of NIF. "Our thoughts on how to continue our growth matched up perfectly with the JenCap management model."

John Redett, Managing Director and Co-head of Carlyle's Global Financial Services team, commented, "NIF is exactly the type of entity we were looking to acquire when we started JenCap and we are excited that NIF's management and their entire team will be joining the company. We remain highly supportive of the JCH management team as it continues to expand its distribution network, product offerings and geographical footprint through organic growth and a disciplined yet aggressive acquisition strategy."

About JenCap Holdings Inc.

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.

Media Contact:
John Jennings
Of JenCap Holdings
347-338-3404

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