NIF Group (NIF), a nationwide program supervisor and regional wholesale dealer owned by Jencap Group, has reached an settlement to amass the belongings of Pacific Coast E&S Insurance coverage Companies (PCES), a specialty wholesale brokerage and managing normal agent (MGA) agency based mostly in Santa Rosa, CA.
The deal boosts Jencap’s total development as a specialty insurance coverage distribution enterprise, which incorporates MGAs, program managers and transactional wholesale brokers.
John F. Jennings, president and CEO at Jencap, commented on the deal: “Pacific Coast E&S Insurance coverage Companies is our twelfth transaction since founding Jencap. This acquisition will contribute to our total development among the many largest specialty insurance coverage distribution platforms within the US.”
NIF, which was fashioned in 1976 and acquired by Jencap in 2016, gives unbiased brokers and brokers a broad vary of specialty insurance coverage merchandise from its nationwide workplaces. NIF president, Mark Maher, mentioned the acquisition of PCES “aligns with [NIF’s] ongoing development technique and expands the vary of services and products we provide.”
PCES has established experience within the private and business E&S house. It focuses on offering MGA amenities and the brokerage of E&S traces to retail brokers and brokers on the West Coast and Pacific Northwest.
“Our group has vital underwriting backgrounds in each private and business property and casualty merchandise,” mentioned Joe Bonilla, director of PCES. “We’re excited to increase our attain by means of NIF and Jencap.”