Risk Innovations Announces Acquistion By Jencap Holdings
ATLANTA (PRWEB) December 04, 2018 -- Risk Innovations announced today that it has been acquired by JenCap Holdings, LLC, a consolidator of specialty insurance distribution and program management businesses. This 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 that “we are very excited about the opportunities this strategic partnership will allow. Through the JenCap network, Risk Innovations will further expand our programs and capabilities countrywide.”
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. 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.
“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.”
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. http://jencapholdings.com
About Risk Innovations, LLC
Risk Innovations is a multi-lines national wholesaler that caters to the needs of independent insurance agencies. We specialize in Workers' Compensation and Personal Lines Insurance. In addition to our offices in Atlanta and Kansas City, Risk Innovations has satellite offices across the country. https://www.riskinnovations.com
Cynthia Hayes, Laddering Works LLC, http://www.ladderingworks.com, 804-221-3486, [email protected]
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