Insight and Intelligence on the London & International Insurance Markets 22 Jan 2018
JenCap agrees to buy wholesaler Genesee General
- 12 January 2018
Carlyle-backed JenCap Holdings has agreed to buy privately held MGA, program administrator and wholesale broker Genesee General, The Insurance Insider can reveal.
According to sources, the deal - the seventh acquisition by the consolidator - will take JenCap to around $700mn in annual written premium, making it one of the top ten wholesalers in the US. Terms were not disclosed.
Alpharetta, Georgia-based Genesee General was founded in 1982 and has been led by Roger Ware since 1998, with around 100...
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