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JenCap to Acquire Speciality Insurance Business Risk Innovations
Thursday 06 December 2018

6 December 2018 - New York, US-based speciality insurance business JenCap Holdings LLC has agreed to acquire Georgia, US-based wholesale insurance broker Risk Innovations LLC, the company said.
Financial terms were not disclosed.
JenCap Holdings was formed in March 2016 by global alternative asset manager The Carlyle Group and JCH management to consolidate speciality insurance distribution businesses, including managing general agents, programme 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 US.
By utilising established JenCap divisions, carriers and agency partners, Risk Innovations will further expand our programmes, markets and capabilities nationwide.
JenCap Holdings LLC is a premier national speciality insurance distribution platform that includes programme management businesses, managing general agencies, speciality programme underwriters and transactional wholesale brokers.
Risk Innovations, LLC is worker's compensation insurance distribution platform.
Marsh, Berry and Company, Inc. served as financial advisors to Risk Innovations.
Date Published: 06/12/2018
Target: Risk Innovations
Country: USA
Sector: Insurance
Type: Corporate acquisition
Status: Agreed
Buyer: JenCap Holdings LLC
Terms of the deal were not disclosed