Return to home page


We are very pleased to announce that our organizations, Agency Intermediaries, Inc. and A.I.I. Insurance Brokerage of Mass., Inc. (A.I.I.), have been acquired by NIF Group (nifgroup.com) and their parent company JenCap Holdings LLC. (jencapholdings.com), effective 11/9/17.

NIF Group, Inc. is one of the country's leading professional insurance organizations, having offices located on the East and West Coast of the United States to serve the independent agency community as a National Program Administrator, Regional General Agent, Surplus Lines Broker and Specialty Insurance Intermediary. NIF has been serving agents & brokers since 1976. They were successfully acquired by JenCap Holdings in December of 2016.

JenCap Holdings, formed in March of 2016 with The Carlyle Group, is a leader in specialty wholesale insurance and program management. JenCap’s current subsidiaries now include NIF Group (including A.I.I.), Special Risk Facilities, Wholesale Trading Insurance Services LLC, Trivedi-Capacity, and M.J. Kelly Co., as part of a dynamic team of MGA underwriting and wholesale brokerage firms.

We feel that joining the NIF Group will bring many great benefits to you. We look forward to continuing to work with all of you. Our acquisition allows us to continue to provide premier service and expands your access to over 150 specialty markets, which include additional MGA/contract binding authorities and exclusive programs. You will now have access to one of the broadest insurance distribution platforms giving your agency the ability to meet the unique needs of your insureds.

Our two locations expand the NIF footprint in New England. NIF will now have branches located in Guilford, CT and East Douglas, MA, in addition to their existing Framingham, MA and Warwick, RI branch locations.

Please do not hesitate to call any one of us – we’re excited to talk about it!

We look forward to our mutual continued success!

Sincerely,

Erina Connors Julie Sonier

 




PRESS RELEASE

Manhasset, New York (November, 2017) - NIF Group, Inc., a leading wholesale broker, program administrator and managing general agency and their parent company, JenCap Holdings LLS announces that they have agreed to acquire privately held Agency Intermediaries, Inc. and A.I.I. Insurance Brokerage of Mass., Inc. (A.I.I.). Both affiliated entities serve as MGA/contract binding authorities and wholesale insurance brokerages, respectively located in Guilford, Connecticut and East Douglas, Massachusetts.

Agency Intermediaries, Inc. was formed in 1980 by Ray Connors, Sr. and Manja Connors. Erina Connors joined in 1983, focusing on the brokerage of excess & surplus Lines. Since 1998, A.I.I. has been led by Erina Connors and Julie Sonier. Agency Intermediaries, Inc. and A.I.I. Insurance Brokerage of Mass., Inc. serve independent agents in Connecticut and Massachusetts in placing excess/specialty lines business.

NIF Group, Inc. (NIF) is one of the country's leading professional insurance organizations. Serving the independent agent community as a national program administrator, regional general agent, surplus lines broker and specialty insurance Intermediary, with offices located on the east and west coasts of the U.S. NIF has been serving agents & brokers since 1976, they were successfully acquired by JenCap Holdings (JCH) in December of 2016.

Mark P. Maher, President of NIF Group, Inc. stated that “the Connors and Sonier families have built an exceptional brokerage firm in the same manner in which NIF was forged. A.I.I.’s long standing commitment to their clients, carriers, exceptional service and industry expertise perfectly align with our existing branches and strategic plans for growth in the Northeast.” Erina Connors, President of A.I.I. noted “NIF is a great fit for us, our people are joining a well-respected firm with plans of growth and opportunity in the future.”

Through the acquisition of A.I.I., NIF now expands their footprint in the northeast with locations in Framingham, Massachusetts, East Douglas, Massachusetts, Guilford, Connecticut, and Warwick, Rhode Island.

JenCap Holdings (JCH) was formed in March 2016 by The Carlyle Group (Nasdaq: CG) and JCH management to consolidate specialty insurance distribution businesses, including managing general agents, program managers and transactional wholesale brokers.

The acquisition of Agency Intermediaries, Inc. (A.I.I.) is the sixth such transaction by JCH, which is headquartered in New York, NY.

JenCap Holdings is a consolidator of specialty insurance distribution and program management businesses, including managing general agencies, specialty program underwriters, transactional wholesale brokers and captive managers.


NIF Group, Inc.

www.nifgroup.com

NIF Group, Inc.
A JenCap Holdings Company