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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,
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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.
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