Wholesale program management and binding authority business Jencap has acquired Lloyd’s coverholder underwriting agency Worldwide Hole ‘N One (WHNO).
Through its primary brand, Worldwide Special Risks (WWSR), the company services the live events market with a range of covers including cancellation, non-appearance, and event property and liability.
Additional lines, set to include film and media, prize indemnity and accident and health, are supplied to the UK and international retail and wholesale broker market.
Cover is available to the UK and international clients, via exclusive binding authorities, to a number of leading insurers, including the Lloyd’s market.
“It is important that Jencap has operations in London, a most important marketplace for complex and specialty insurance,” John Jennings, Chief Executive Officer of Jencap.
“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.”
