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Jencap Announces Acquisition of U.K.-based Lloyd’s Coverholder

Jul 8, 2021

Jencap Announces Acquisition of U.K.-based Lloyd’s Coverholder

Worldwide Special Risks to Provide Essential Live Event Coverage

New York, NY (July 8, 2021) – Jencap Group, LLC (Jencap), the wholesale program management and binding authority business of Galway Insurance Holdings LP (Galway), has acquired London-based Worldwide Hole ‘N One Ltd. (WHNO).

Through its primary brand, Worldwide Special Risks (WWSR), WHNO has operated as a Lloyd’s coverholder underwriting agency for over 25 years. As an established leading provider, Worldwide Special Risks’ 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’s building, cover is available to the U.K. and international clients, via exclusive binding authorities, to a number of leading insurers, including the Lloyd’s market.

John Jennings, Chief Executive Officer of Jencap commented, “It is important that Jencap has operations in London, a most important marketplace for complex and specialty insurance. I’ve gotten to know Jon Wilkinson and his business, and can’t think of a better platform or business line to start with than event and other specialty contingency products. We’re excited with the prospects for underwriting and distribution of more products ahead and the benefit it will provide to our partners and clients.”

Jon Wilkinson, WWSR Managing Director, added, “Everyone 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. It will also enable us to enhance the products and services we offer, and provides a strong platform for additional growth.”

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.

“Now that we are once again able to enjoy live music, sports and other large group gatherings, we’re thrilled to be part of enabling those events to take place. With 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,” said Peter Garvey, Vice Chairman of Galway.

About Jencap Group, LLC

Jencap is one of the largest wholesalers in the U.S. with notable industry-leading expertise in wholesale brokerage, binding authority, and program management. Its specialized divisions and affiliate organizations provide niche underwriting prowess, broad market access, and nationwide influence. Headquartered in New York, Jencap leverages its collective power to exceed the expectations of more than 15,000 independent agency partners. For more, visit JencapGroup.com.

About Galway Holdings LLC

Galway Insurance Holdings (Galway Insurance or Galway), the holding company for EPIC Insurance Brokers & 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 over 100 offices serving all 50 states. You can read more Jencap news here.

 

Media Contact:
Kathryn Smith
Managing Director of Marketing
Jencap Group
678-951-5183
Kathryn.smith@jencapgroup.com
Kathryn Smith

Kathryn Smith

Jencap's Managing Director of Marketing, Kathryn Smith, has dedicated her entire career to the insurance industry. A diverse background equips Kathryn with a unique 360-degree perspective, having experienced the industry from all angles: agency, carrier, and wholesaler. She consistently produces award-winning marketing content and hosts the Jencap insurance podcast, "Flip the Cap."

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