Jencap is a wholesale insurance intermediary based in New York City. The company distributes specialty coverage to independent retail agents through wholesale brokerage, binding authority, and program management. It took shape through a long run of acquisitions that folded smaller specialty businesses into one national platform.
Website: jencapgroup.com
Head office address: 1350 Broadway, Suite 1400, New York, NY 10018
Founded: 2016
Company type: privately held; part of Galway Specialty Wholesale (GSW)
Parent: Galway Holdings, majority owned by Harvest Partners since 2023, with The Carlyle Group and Oak Hill Capital reinvesting as continuing investors
Business focus: wholesale brokerage, binding authority, and program management
Regions served: nationwide across the US
The Carlyle Group formed Jencap Holdings in March 2016 to bring specialty insurance distribution businesses together under one roof. The plan: buy managing general agents, program managers, and wholesale brokers instead of building each capability in-house.
That strategy has defined the company since. Notable milestones include:
Several of these acquisitions, including the businesses that became Jencap Insurance Services and Jencap A&H Insurance Solutions, kept their original names for a period before adopting a shared brand.
The wholesaler organizes its work around three core services, supported by specialty and affiliate brands. Retail agents come to it for markets or programs they cannot reach directly. Its main service lines include:
Each division operates under its own name day to day. The parent brand ties carrier relationships and back-office support together across the group.
Insurance Business America has recognized the wholesaler and its people more than once, including a spot on the IBA 5-Star Wholesale Brokers and MGAs list in 2025, an annual ranking based on broker feedback.
Individual recognition has followed a similar pattern. Jencap’s president and CEO was named to the 2026 Global 100, an annual list of standout insurance professionals across six global markets.
Separately, an executive vice president who leads the company’s environmental and energy practice was named to the 2026 Hot 100, which honors professionals who shaped the industry over the prior year.
Between the company-wide and individual honors, Jencap’s recognition spans both service delivery and industry leadership. For a broader look at industry awards and special reports, visit IBA’s Best In Insurance page.
Jencap built its footprint by buying established firms rather than opening new offices, so growth came from combining relationships instead of starting from zero.
The same approach shows up in its own subsidiaries. Two stop-loss underwriters acquired years apart eventually reached a similar scale, and the firm merged them into one brand rather than running them side by side.
Insurance Business covered the move as one sign of a wider push toward fewer, larger names among specialty stop-loss underwriters. The same logic shaped the group’s earlier MGA platform, built from three acquisitions in 2021.
Jencap’s ownership follows a similar layering. The wholesaler and retail broker EPIC operate independently under one holding company, and the split keeps the wholesale business distinct from EPIC’s retail arm even though both share the same financial backers.
Curious what the firm has been up to lately? Check the news section below for its latest updates.
Jencap broker Ed Chadwick on deepfake fraud, cloud outage gaps, and what risk managers must fix now
Survey results offers its pick of firms serving brokers and agents
Six internal promotions mark "next phase of growth" for Galway Specialty Wholesale
Rebrand reflects consolidation trend in a market projected to quadruple by 2034
Cover Whale creates wholesale overflow channel with Breakwater Markets as trucking litigation costs climb
