JenCap Holdings to Acquire Risk Innovations of Atlanta

JenCap Holdings LLC (JCH), a specialty insurance business, will acquire privately-held Risk Innovations LLC, a specialty wholesale insurance broker based in Atlanta, Georgia. Financial terms were not disclosed.

Risk Innovations was founded in 2002 and has been led by Bruce Peddle since then. John F. Jennings, president and CEO of JCH, said the wholesale broker, which has focused on worker’s compensation since its inception, was a strategic target for JenCap.

Pedlle noted utilizing established JenCap divisions, carriers and agency partners, will allow Risk Innovations to further expand its programs, markets and capabilities nationwide.

JenCap Holdings (JCH) was formed in March 2016 by global alternative asset manager The Carlyle Group and JCH management to consolidate specialty insurance distribution businesses, including managing general agents, program managers and transactional wholesale brokers. The acquisition of Risk Innovations is the eighth transaction by JCH since its founding.

Marsh, Berry & Company, Inc. served as financial advisors to Risk Innovations.

JenCap Holdings is a national specialty insurance distribution platform that includes program management businesses, managing general agencies, specialty program underwriters and transactional wholesale brokers and is headquartered in New York.

Risk Innovations is a specialty wholesale insurance broker based in Atlanta, Georgia with another office located in Kansas City, Mo.