Specialty insurer JenCap Holdings LLC (JCH) has announced an agreement to acquire Aran Insurance Services Group, a specialty program administrator with offices in Arizona, Colorado, Massachusetts, and New York.
Founded in 2009, Aran has been built into a successful platform under the leadership of Tim Kenny and John LaCava.
The acquisition marks the ninth transaction by JenCap since its formation in March 2016, and places the company among the largest specialty insurance distribution platforms in the US.
“The Aran team has built a multi-faceted company with a wide variety of property and casualty programs for specialty markets as well as a strong presence in the accident and health market,” said John F. Jennings, President and CEO at JenCap. “
“We are excited to help in the expansion of Aran and its subsidiary companies within JenCap.”
“Aran has a long-standing commitment to our clients, carriers, and team members, and we specifically sought out a strategic partner that shared this focus,” added Tim Kenny, Co-Founder and Chairman at Aran. “JenCap fulfills this goal, and we are very excited about our partnership.”
Aran’s Co-Founder, President and CEO, John LaCava, also commented: “Aran’s strategic partnership with JenCap creates a number of opportunities for growth and development.
“We look forward to expanding our programs, markets, and capabilities through JenCap’s established network of carriers and agency partners.”
JenCap Holdings was established by The Carlyle Group and JenCap management to consolidate specialty insurance distribution businesses, including managing general agents, program managers and transactional wholesale brokers.