{"id":73321,"date":"2021-07-08T12:41:10","date_gmt":"2021-07-08T16:41:10","guid":{"rendered":"https:\/\/www.send2press.com\/wire\/?p=73321"},"modified":"2021-07-08T12:39:53","modified_gmt":"2021-07-08T16:39:53","slug":"jencap-announces-acquisition-of-u-k-based-lloyds-coverholder","status":"publish","type":"post","link":"https:\/\/www.send2press.com\/wire\/jencap-announces-acquisition-of-u-k-based-lloyds-coverholder\/","title":{"rendered":"Jencap Announces Acquisition of U.K.-based Lloyd&#8217;s Coverholder"},"content":{"rendered":"<p>NEW YORK, N.Y., July 8, 2021 (SEND2PRESS NEWSWIRE) &#8212; Jencap Group, LLC (Jencap), the wholesale program management and binding authority business of Galway Insurance Holdings LP (Galway), has acquired London-based Worldwide Hole \u2018N One Ltd. (WHNO).<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.send2press.com\/wire\/images\/21-0708s2p-jencap-logo-696x522.jpg\" alt=\"JENCAP\" width=\"696\" height=\"522\" class=\"alignnone size-full wp-image-73311\" srcset=\"https:\/\/www.send2press.com\/wire\/images\/21-0708s2p-jencap-logo-696x522.jpg 696w, https:\/\/www.send2press.com\/wire\/images\/21-0708s2p-jencap-logo-696x522-300x225.jpg 300w\" sizes=\"auto, (max-width: 696px) 100vw, 696px\" \/><em><\/em><\/p>\n<p>Through its primary brand, Worldwide Special Risks (WWSR), WHNO has operated as a Lloyd\u2019s coverholder underwriting agency for over 25 years. As an established leading provider, Worldwide Special Risks\u2019 contingency team service the live events market with a range of covers including cancellation, non-appearance, and event property and liability. Additional lines, to include film and media, prize indemnity and accident and health, are supplied to the UK and international retail and wholesale broker market. With an underwriting office in the Lloyd\u2019s building, cover is available to the U.K. and international clients, via exclusive binding authorities, to a number of leading insurers, including the Lloyd\u2019s market.<\/p>\n<p>John Jennings, Chief Executive Officer of Jencap commented, \u201cIt is important that Jencap has operations in London, a most important marketplace for complex and specialty insurance. I\u2019ve gotten to know Jon Wilkinson and his business, and can\u2019t think of a better platform or business line to start with than event and other specialty contingency products. We\u2019re excited with the prospects for underwriting and distribution of more products ahead and the benefit it will provide to our partners and clients.\u201d<\/p>\n<p>Jon Wilkinson, WWSR Managing Director, added, \u201cEveryone at Worldwide is excited about the next chapter that the Jencap acquisition delivers. The last year has seen unprecedented and ongoing disruption to the contingency market, and this new partnership will provide great stability and support.\u00a0It will also enable us to enhance the products and services we offer, and provides a strong platform for additional growth.\u201d<\/p>\n<p>Jencap and other Galway businesses currently provide extensive insurance products, broking and risk management services to the entertainment and sport industry. The live event market is particularly important within this niche.<\/p>\n<p>\u201cNow that we are once again able to enjoy live music, sports and other large group gatherings, we\u2019re thrilled to be part of enabling those events to take place.\u00a0With Jon and his team at WWSR joining existing Jencap facilities, we will play a big part in expanding desperately needed capacity for our distribution partners and clients,\u201d said Peter Garvey, Vice Chairman of Galway.<\/p>\n<p><strong>About Jencap Group, LLC<\/strong><\/p>\n<p>Jencap is one of the largest wholesalers in the U.S. with notable industry-leading expertise in wholesale brokerage, binding authority, and program management.\u00a0Its specialized divisions and affiliate organizations provide niche underwriting prowess, broad market access, and nationwide influence.\u00a0With headquarters in New York, Jencap leverages its collective power, exceeding the expectations of 15,000+ independent agency partners. Visit <a href=\"https:\/\/jencapgroup.com\/\">https:\/\/jencapgroup.com\/<\/a>.<\/p>\n<p><strong>About Galway Holdings LLC<\/strong><\/p>\n<p>Galway Insurance Holdings, the holding company for EPIC Brokers &amp; Consultants and Jencap Group, is a diversified insurance brokerage distribution platform with retail, wholesale, program administration and managing general agent capabilities. In total, Galway manages over $7 billion of insurance premiums and operates in over 100 offices serving all 50 states.<\/p>\n<p><strong>About EPIC Insurance Brokers &amp; Consultants<\/strong><\/p>\n<p>EPIC Insurance Brokers &amp; Consultants has more than 2,600 team members operating from more than 80 offices across the U.S., providing Property and Casualty, Employee Benefits, Specialty Programs, and Private Client solutions to EPIC clients. For more information on EPIC, visit: <a href=\"https:\/\/epicbrokers.com\/\">https:\/\/epicbrokers.com\/<\/a>.<\/p>\n<p>*LOGO link for media (Jencap): <a href=\"https:\/\/www.Send2Press.com\/300dpi\/21-0708s2p-jencap-logo-300dpi.jpg\">https:\/\/www.Send2Press.com\/300dpi\/21-0708s2p-jencap-logo-300dpi.jpg<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, N.Y., July 8, 2021 (SEND2PRESS NEWSWIRE) &#8212; Jencap Group, LLC (Jencap), the wholesale program management and binding authority business of Galway Insurance Holdings LP (Galway), has acquired London-based Worldwide Hole &#8216;N One Ltd. (WHNO).<\/p>\n","protected":false},"author":9780,"featured_media":73311,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[105,12804,1,37,589,38,421,8],"tags":[14807,16446,16444],"class_list":["post-73321","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-insurance-news","category-ap","category-business-news","category-entertainment-news","category-entertainment-services","category-finance-news","category-mergers-acquisitions-news","category-new-york-news","tag-galway-insurance-holdings","tag-worldwide-hole-n-one-ltd","tag-worldwide-special-risks","has-post-title","has-post-date","no-post-category","no-post-tag","no-post-comment","has-post-author"],"acf":[],"views":7298,"_links":{"self":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/73321","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/users\/9780"}],"replies":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/comments?post=73321"}],"version-history":[{"count":0,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/73321\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media\/73311"}],"wp:attachment":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media?parent=73321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/categories?post=73321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/tags?post=73321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}