Jencap Group has announced that it has agreed to acquire the assets of Tarheel Insurance Services, Inc., a full-service specialty workers’ compensation wholesale brokerage based in Statesville, NC.
Tarheel is set to operate under the auspices of the Jencap Insurance Services Inc. (JCIS) division.
Bruce Peddle, President of JCIS, commented, “Tarheel provides strong carrier relationships, a small business niche, and geographic expansion that strategically complements Jencap’s existing Workers’ Compensation capabilities.”
Robert Griffin, Managing Partner at Tarheel, added, “Tarheel’s vision has always been clear – to give our agency partners the most competitive position on their Workers’ Compensation insurance needs.”
“Being part of Jencap expands our geographic reach, significantly amplifies our market access, and enhances the range of industry-leading, value-added solutions that we can deliver to our retail agents and brokers.”
JCIS was rebranded from Risk Innovations in August this year, following Risk Innovations’ acquisition by Jencap Group in 2018.
